Log In Personal Checking Personal Savings Digital Banking Locations Article Center COMMUNITY DEVELOPMENT CORPORATION We put our money where our mouth is This special division of MVB searches for unique ways we can serve the communities who need it most. Learn more about MVB’s community involvement. MVB Community Development Corporation The MVB Community Development Corporation, a subsidiary of MVB Bank, Inc., is committed to the mission of transforming low-income communities, creating economic opportunities for low-income persons and financing qualified businesses through the provision of capital investments and lending in a manner that provides a vital impact on the lives of individuals and their communities. Our experienced lenders are able to finance complex projects through expertise in New Market Tax Credits, Historical Tax Credits, Low Income Housing Tax Credits and tax incremental financing Pictured from left to right are Steve Sadd of Miller School Associations, LP, and MVB’s Herman DeProspero. Built in 1914, the former Miller Junior High School in Fairmont was vacated by the Marion County Board of Education after the 2007 school year. In 2013, the structure was added to the National Register of Historic Places. Through an $8 million adaptive reuse project, the structure is now housing residents as the new Miller School Apartments. Using experience he gained through working with several Low Income Housing Tax Credits developers over the years, MVB’s Herman DeProspero helped to bring this project to reality by committing MVB to a portion of the investment that was used to purchase various tax credits. Leasing began in January 2018 for 46 affordable housing units targeted for senior citizens. During the recent Miller School Apartments Grand Opening, developer Steve Sadd of Miller School Associations, LP, said the following about MVB’s involvement in the project that Herman led: “MVB was not just a lender for this project, they are an investor in this building and they actually own part of this project. MVB is the Most Valuable Bank, and I know they are the most valuable bank to this project. I want to thank Herman DeProspero and MVB Bank.” MVB Community Development Corp. Board of Directors David B. Alvarez Herman E. DeProspero John W. Ebert David A. Jones Gary LeDonne (Chair) Larry F. Mazza Donald T. Robinson Laura Rye John T. Schirripa For more information, please contact: Martin Howe President, MVB CDC mhowe@mvbbanking.com Laura Rye Chief Operating Officer, MVB CDC CRA Officer, MVB Bank lrye@mvbbanking.com MVB CDC is a Community Development Entity (CDE) recognized by the Community Development Financial Institutions Fund (CDFI Fund). Uncle Sam is on your side. SBA loans can offer security and flexible terms for your business. DISCOVER SBA LOANS THROUGH MVB + COMMERCIAL LENDING Are you ready to excel in your industry? With a wide range of products and a depth of industry knowledge, our lending officers can help power your business forward. DISCOVER MVB COMMERCIAL LENDING Who We Are Culture + Careers Community Development Corporation Community Reinvestment Act Client Case Studies Personal Digital Banking iOS App Android App E-Statements Business Digital Banking iOS App Android App E-Statements Contact Us (844)-682-2265 Our Locations Site Terms Lost or Stolen Card More Information Customer Privacy Notice Marketing Preference Center 2021 MVB Bank Privacy Policy Terms & Conditions