“CIDC has been a qualified and experienced consultant to the Department of Housing & Economic Sustainability (DHES) for many years; which has assisted in identifying, developing and implementing various economic development programs for Palm Beach County. CIDC provides assistance for different programs including, but not limited to: Housing and Urban Development (HUD) - Section 108 Loan Guarantee; Community Block Grant Program; Federal Home Loan Bank’s community Investment Program (CIP) and the United States Department of Agriculture Intermediary Relending Program. CIDC also assists in the preparation of the application(s) for HUD and other programs; assists in negotiations with HUD and other agencies; and assists with the underwriting and financial structuring of project deals for these programs. As a result of this partnership between CIDC and DHES, many economic development projects were accomplished which resulted in the creation and retention of many jobs in the Palm Beach County. This strong partnership has brought to fruition many project success stories especially in underserved communities within Palm Beach County”

— Meri Weymer, Business & Economic Development Manager

Palm Beach County

“The Danza Group has worked with CIDC since 1987 they have a unique ability of creating financing opportunities to help both the community and the developer we hold him in high regard”

— The Danza Group

“Prior to my retirement I worked for the City of Syracuse Economic Development Professional for thirty years. Mr. Loewenstein was an consultant to the City for several years. Together in a team effort Bill guided our City through several multimillion dollar developments that required his expertise in Public/Private financing. To name a few Bill and I used tax exempt bonds for $4m dollars/Hud 108 funds to transform the former Rockwell Manufacturing a 450,000 sf  vacant building into a fully occupied project that created and retained 700 jobs on the Cities impoverished West side still thriving today! At the time, each new tenant was also given a low interest loan from SEDCO as an incentive to go to Rockwest.

Like most downtowns or Central City locations Syracuse was devastated by all major retailers and their jobs leaving for the suburbs. One department store the former Dey Brothers retail store  was vacant for several years. Our Mayor challenged us to take this historically significant property and turn it around. Bill and the City  worked with a private development group and attracted the local power company as the main tenant in the building for their customer service center National Grid. The historic tax credits were sold to obtain equity , the HUD 108 was used for the rehab ($23 million dollars). This property is still vibrant and alive and acted as a catalyst and set the stage for the rehab of several surrounding structures and became a beacon to attract upscale apartments to the Central City ( Downtown) .

These deals just don’t “happen” they require expert advice and tremendous experience with sources/uses of public and private funds.

Mr. Loewenstein is that expert.”

— James A. Laurenzo, Pyramid Brokerage Company