activities · 3
what they do
direct service · 2
- Developing public infrastructure projectsDevelops public infrastructure projects, including government office buildings, student housing, police facilities, and fire stations, across the Western and Southwestern United States, with over $1.9 billion in completed projects since 1991.
- Developing workforce and affordable housing projectsDevelops workforce housing projects, such as the adaptive reuse of the former Avalon Hotel in Erie, PA into 197 studio units and commercial space, and a $41.7 million project in Miami Beach, FL providing 80 affordable units for first responders, artists, and public employees.
other · 1
- Providing grants and sponsorships for education and economic development Local Community GrantmakingProvides over $2.5 million in donations and sponsorships to nonprofit organizations, supporting initiatives like staffing for youth bike clubs, prizes and scholarships for science fairs, and general education and economic development goals.
strategies · 5
how they think
Theories of action extracted from this org's own source material. Click any to see the full field of orgs running the same approach.
- Community Investment through Excess Revenue Redistribution community_investmentCFC donates excess revenues back into the community, specifically targeting organizations that support disadvantaged youth and/or advance economic development, thereby strengthening communities and supporting youth development programs.
- Public-Private Partnership (P3) for Infrastructure Development public-private_partnershipCFC utilizes innovative public-private partnerships (P3s) as an alternative financing model for public infrastructure projects, blending tax-exempt debt with private development expertise to design, build, finance, operate, and/or maintain governmental facilities, thereby lessening the burdens of government.
- Risk Transfer and Lease-to-Own Financing risk_transfer_modelCFC structures projects to shift construction and completion risk to the development team, enabling government partners to avoid debt limits and spread costs over time. This is achieved through tax-exempt bond financing and long-term leases, with ownership transferring to the government after debt retirement at no additional cost.
- STEM Education Partnerships and Outreach STEM-education-partnershipsCFC supports STEM education by partnering with organizations that engage students in science and engineering, and by funding initiatives that involve students, teachers, caregivers, and the broader community.
- Triple Bottom Line Adaptive Reuse triple bottom line adaptive reuseCFC focuses on "triple bottom line" adaptive reuse projects, indicating an approach that considers social, environmental, and financial outcomes.
named programs · 3
what they call their work
Charitable Giving
CFC donates excess revenues to nonprofit educational and economic development organizations, focusing on disadvantaged youth and advancing economic development.
Joel D. Valdez Scholarship
A scholarship fund established with The University of Arizona Foundation to honor Joel D. Valdez and support students, emphasizing hard work, dedication, and innovative thinking.
Public-Private Partnerships (P3)
CFC creates and manages innovative public-private partnerships for municipalities, state governments, and other jurisdictions to build major infrastructure projects such as fire stations, office buildings, and parking garages. This includes design, construction, financing, operation, and maintenance.
relationships · 21
who they work with
- BDFC Advisor Services, LLC Partner — CFC's advisor, a subsidiary of BDFC, has gained economic development experience and bond financing expertise.
- Business Development Finance Corporation Partner — CFC's charitable roots go back to BDFC, which was chosen by the City of Tucson to issue bonds for the expansion of Tucson’s convention center.
- City of Miami Beach Partner — Collaborated on the development of a workforce housing project in the Museum District and Collins Park neighborhood.
- City of Miami Beach Partner — Partnered on a workforce housing development project.
- El Grupo Partner — Partnered with El Grupo to support the Manzo Elementary Bike Club through financial contributions.
- El Grupo Partner — Provided funding to support the Manzo Elementary Bike Club program.
- Erie Downtown Development Corporation Partner — Master leased studio units in the Avalon Hotel project.
- Flowing Wells Education Foundation Partner — Partner organization using CFC’s contribution to subsidize out-of-state field trips for students.
- Fort Bend Epicenter Partner — Collaborated with Community Finance Corporation on the development of a community convention and event center.
- Gannon University Partner — Master leased studio units in the Avalon Hotel project.
- Hamot Health Foundation Partner — Master leased studio units in the Avalon Hotel project.
- Miami City Ballet School Partner — The workforce housing development will include an entire floor dedicated to dorm rooms for the school.
- Regional Health Services, Inc. Partner — Commercial tenant in the Avalon Hotel project.
- SARSEF Partner — Partner organization receiving annual financial support for STEM education programs.
- SARSEF Partner — Partnered to support the Southern Arizona Regional Science and Engineering Fair through sponsorship
- SARSEF Partner — Provided annual contributions to support the Southern Arizona Regional Science and Engineering Fair.
- Servitas Partner — Partnered on a workforce housing development project.
- Servitas Partner — Partnered with Servitas and the City of Miami Beach on a workforce housing development project.
- The University of Arizona Foundation Partner — Made a gift agreement with the foundation to establish a scholarship fund.
- University of Arizona Foundation Partner — Established a gift agreement with the University of Arizona Foundation to honor Joel D. Valdez.
- University of Pittsburgh Medical Center Partner — Regional Health Services, Inc. is an affiliate of the University of Pittsburgh Medical Center.