CD-MAC Private Subsidy Fund

The purpose of the CD-MAC Private Subsidy Fund will be employee funded either through a payroll deduction plan or a direct

deposit from a specified checking account. The private subsidy funds will be available for both employees and employers.


CD-MAC Private Subsidy Fund of Massachusetts

 

Total                       % of                                            Monthly             Monthly                 Yearly

Workers             Workforce         Membership        Donation              Total                    Total          

 

3,000,000   X           10%                 300,000         $       10.00        $   3,000,000     $    36,000,000

                                 20%                 600,000         $       10.00        $   6,000,000     $    72,000,000 

                                 40%              1,200,000         $       10.00        $ 12,000,000     $  144,000,000

                                 60%              1,800,000         $       10.00        $ 18,000,000     $  216,000,000

                                 80%              2,400,000         $       10.00        $ 24,000,000     $  288,000,000

                               100%              3,000,000         $       10.00        $ 30,000,000     $  360,000,000

 

  • Monthly donation of $10.00 will be contributed by the employee.

 

Use of Private Subsidy Fund:    The CD-MAC private subsidy fund will be used to provide and preserve existing business/job opportunities,

create new business/job opportunities along with providing grant funding for housing, related to planning, permitting and infrastructure costs.

 

CD-MAC Membership Donation Projection

 

Total                       % of                                               1st Year                              Yearly                

Workers             Workforce         Membership        Donation                            Total                          

3,000,000   X           10%                  300,000         $       40.00                      $  12,000,000   

                                 20%                 600,000         $       40.00                      $  24,000,000   

                                 40%              1,200,000         $       40.00                      $  48,000,000   

                               * 60%             1,800,000         $       40.00                      $  72,000,000   

                                 80%              2,400,000         $       40.00                      $  96,000,000   

                               100%              3,000,000         $       40.00                      $120,000,000   

*The CD-MAC is projecting a 60% membership participation to be achieved over an 18 month period.


Community Development Mortgage Alliance Corporation

CD-MAC is a US 501-C3   Non – Profit Corporation     Robert E. Minichielli Director   781-831-5764