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Who We Are

CBO Financial, Inc. was founded in 1999 by bringing together the right tools and the right resources to help social service organizations access capital and manage construction of new facilities. These agencies share our vision of transforming communities and the people who call them home.

In an earlier incarnation, our company was known as Campus Development Associates. We originally focused on financing educational facilities, and due to difficulty securing capital for our nonprofit schools, we pioneered the use of tax-exempt bond financing for facility projects. At the time, utilizing tax-exempt financing for smaller to midsize ($4 to $10 million) projects for nonprofits was virtually uncharted territory. Our founders assembled a team and a network of investors to fund facility projects for numerous agencies—often at 100% of project cost—via the privately placed tax-exempt bond market. As we perfected our financing strategies, we decided to make enhancing access to capital for all social service organizations our mission.

Since 2003 we have utilized the New Markets Tax Credit (NMTC) program as a powerful financing tool. As testament to our team’s effectiveness, the US Treasury Department has made five NMTC awards totaling $130 million to our subsidiary Community Development Funding, LLC, one of only 22 organizations in the country to have received five or more awards. Additionally, we have led the process for clients resulting in eight NMTC awards totaling $400 million.

It’s our goal to revitalize blighted areas by providing outside investment and project management for projects which attract new businesses and create jobs. As proven experts in project finance and development for organizations that serve low-income communities, we’re uniquely qualified to help make your plan a reality.

By working with us, you can take a giant leap forward and make an even greater difference.