kickstartingprivate investment session
TRANSCRIPT
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Organizational Charts Spain and Mexico/ 1
April 24, 2019Robert Rosell, Community Relations Officer, Texas Border Region
Kickstarting Private Investment Session
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Overview of BBVA Compass
2018 Community Commitment Update
Past Projects
Recent Projects
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Index
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01Overview of BBVA Compass
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Overview of BBVA Compass
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022018 Community Commitment Update
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2018 Community Commitment Update
• 5 year, $11 Billion commitment-lending, investments, and services
• “Outstanding performance: $10.5 Billion in 4 years”
• Community services
• Promotion of economic development
• Affordable housing for low- and moderate income individuals
• Affordable housing a main focus.
• $2 Billion in home loans, $21 Million in closing cost assistance.
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2018 Community Commitment Update
• $535 Million in SBA Community Development Loans
• National leader in providing support for CDFIs
• Partnerships with 22 CDFIs
• $69.1 Million in Investments and Loans to increase CDFI lending capacity
• 60,557 Hours of Community Involvement by 4,000 volunteers each year
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03Past Projects
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Community Development Lending: Texas Region
● $14.7M loan to BAH Casa Verde Apartments LTD to finance the new construction of 9 two- and three-story garden-style apartment buildings which will contain 152 one-, two-, and three-bedroom mixed-income units located in Laredo, TX.
● Low-Income Housing Tax Credit; equity injection is $16.7M.
● Community development purpose is affordable housing that will benefit low- to moderate-income persons.
● Casa Verde Apartments will set-aside 91% of the units (138) for households with incomes at or below 30%, 50%, and 60% of the AMI; the remaining 14 units will be unrestricted, market rate units.
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Community Development Lending: East Region
● $14MM loan to the Commercial Development Authority in Birmingham, AL
● Five Points West is part of a local plan encouraging revitalization.
● The community development purpose is revitalization/stabilization in low- to moderate-income geography.
● Construct a new commercial center that will include a hotel, small business and restaurants including a Starbucks
● Project will create an estimated 130 new permanent employment opportunities.
● $14MM loan to the Commercial Development Authority in Birmingham, AL
● Five Points West is part of a local plan encouraging revitalization.
● The community development purpose is revitalization/stabilization in low- to moderate-income geography.
● Construct a new commercial center that will include a hotel, small business and restaurants including a Starbucks
● Project will create an estimated 130 new permanent employment opportunities.
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Community Development Lending: West Region
● $10MM loan to Vocational Training Institutes (Pima Medical Institute) in Tucson, AZ
● Community development purpose is community service.
● Renovated a closed middle school and Pima Medical Institute will consolidate its Tucson campuses on the new site along with executive offices.
● Property is in a moderate income tract; will bring 136 existing jobs to area; 71% of students are Pell grant recipients
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04Ongoing Projects
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Recent Projects
• Mission Economic Development Corporation (Mission, TX)
• City of Palmview Texas (Palmview, TX)
• La Palmilla (Edinburg, TX)
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Questions & Answers