National Development Council
National Development Council Blog


Local Buffalo Manufacturing Company Celebrates Re-Opening with a Ribbon Cutting Event

Congratulations to GAF Borrower Niagara Lubricant! Today they celebrated a ribbon cutting to their new facility.  (ABC 7 News)

Three years ago, Niagara Lubricant’s former location burned in a devastating fire in July of 2011.  In an effort to keep the business afloat, Chairman of Niagara Lubricant, Leon Smith III, moved the third generation family-owned business into a competitor’s space but found the location was inadequate.

“The space was not safe for my employees to work in, and not large enough for us to meet the demand of our customers.”  Said Leon Smith III, “We had insufficient space to store inventory and to take advantage of supplier discounts, this also drove up shipping costs.  We spent too much time moving inventory around the facility rather than manufacturing, packaging and shipping products. I needed a new facility to overcome these challenges and grow the business. I reached out to a local SBA 504 lender and they turned us down.  No one would give us a loan!  Until the Eerie County IDA connected us to NDC Grow America Fund.”

Niagara Lubricant is the first business in Buffalo to benefit from JP Morgan Chase Foundation’s SME Collaboration Grant.  The grant adds capital to an existing loan fund that is administered by the National Development Council, through its Grow America Fund, in partnership with Erie County Industrial Development Agency, the Buffalo Urban Renewal Agency and the City of Niagara Falls.

“Without Grow America Fund, the Chase SME Grant, and Eerie County IDA, I wouldn’t have been able get into the new facility.” Said Leon Smith III, “This loan was amazing.  Let’s face it, it got me into a building I couldn’t have otherwise afforded.  A building that is safer for my staff and allows my family business to be even more productive than it was before the fire.”

Speakers at the event included Leon Smith III, Buffalo Mayor Byron Brown, Leon Smith III, and GAF Loan Officer Sheldon Bartell.

UW Medicine South Lake Union wins NCPPP Innovation Award for Public-Private Partnerships

We are proud to announce that UW Medicine’s South Lake Union biomedical research campus has won the National Council for Public-Private Partnerships (NCPPP) 2014 Innovation Project Award.  Congratulations to our Partners, UW Medicine, Vulcan Real Estate, Inc., and Perkins+Will!

In 2003, using NDC’s HEDC Public-Private Partnership’s innovative approach to 63-20 financing and our collaborative delivery model, the University of Washington School of Medicine began renovating the already existing Brotman Building into a state-of-the-art biomedical research facility.  The project was the first step in UW Medicine’s multi-phase development plan to build an impressive biomedical research campus in the South Lake Union area of Seattle.  The plan was an important development for the University of Washington and also an important catalyst in the redevelopment of Seattle’s south lake union area.  A Neighborhood in Seattle that suffered from lack of investment but has, in the last ten years, grown exponentially with the addition of several mixed-use housing options, restaurants, retail stores, and the office headquarters for

The currently completed campus consists of three state-of-the-art laboratory buildings and one office building. It totals 542,000 square-feet, with a total bond issue of more than $362 million.  Plans to continue development (Phases 3.2 and 3.3) will add two new buildings to the same city block as Phase 3.1.  With the completion of Phase 3.3, the entire UW Medicine Lake Union Campus will consist of six buildings and 903,000 square-feet of office and life sciences laboratory space.
The phases of UW Medicine South Lake Union

  • UW South Lake Union Phase I (Brotman Building) – Construction of the UW Medicine South Lake Union Campus began in 2003 with the complete renovation and redevelopment of the 105,000 square-foot Brotman Building. The four-story Building was converted into state-of-the-art biomedical research wet and dry labs, lab support, animal resource spaces, and conference spaces.
  • UW South Lake Union Phase II – The second phase of the south lake union campus included two new buildings on the same city block as the Brotman Building; an office building and a state-of-the-art laboratory facility. The combined square-footage of the second phase totals 288,000 gross square-feet of laboratory and office space. Below-grade parking was also included in the project.
  • UW South Lake Union Phase III – The third phase in UW Medicine’s South Lake Union Campus consists of three lesser phases. Phase 3.1 broke ground in summer 2011 and was completed in 2013. It includes the construction of a 138,000 square-foot research laboratory building directly across the street from the first and second phases of the south lake union campus.
  • UW South Lake Union Phase  IV  and V – Two more buildings, Phase 3.2 and Phase 3.3, totaling more than 300,000 gross square-feet are expected to be built later (dates to be determined) on the same block as phase 3.1.

City of New Rochelle issues RFQ for Downtown Development

The City of New Rochelle has announced the issuance of a Request for Qualifications for development of the parcels in the Transit Oriented Development and Downtown Clusters.

The City is seeking responses from qualified real estate development firms to develop plans and implement strategies to fulfill both existing and revitalization concepts and to formulate new ideas for the design, construction and operation of mixed use development clusters downtown.

Find out more information HERE



On June 5, the Community Development Financial Institutions (CDFI) Fund in the Department of the Treasury announced the Round 11 Awardees of the 2013 New Markets Tax Credit (NMTC)  The $3.5 billion in NMTC authority will be awarded to 87 organizations across thirty-two states and the District of Columbia, chosen from a pool of 310 applicants that requested close to $26 billion in authority.  This was the final round funded by the U.S Government. Currently, the House of Representatives and U.S. Senate have introduced legislation to make the NMTC program permanent.  To see if your Senator is a co-sponsor of Senate Bill S. 1133, click here. To see if your U.S. Representative is a co-sponsor of the House Bill, H.R. 4365, click here.

This is a critical economic development tool that is at risk of not being made permanent or extended. Please contact your elected officials and share the impact this program has had in your community.

TAKE ACTION – Oppose Further Cuts to HUD Funding

From our Friends at NACEDA- Tell Congress “Don’t Shrink the Pie!”

The House is scheduled to begin consideration of the Transportation, Housing and Urban Development, and Related Agencies (THUD) appropriations bill TODAY at 2pm ET. As it stands, the bill (H.R. 4745) drastically under-funds important HUD programs. The bill:
•    Cuts the HOME program by 30%
•    Does not restore vouchers lost under sequestration
•    Cuts Public Housing Capital funds
•    Flat funds homeless assistance grants
•    Cuts funding for fair housing and healthy housing

Additionally, Representative Gosar (R-AZ) is expected to introduce an amendment that would prohibit FY15 appropriated funds from being used to implement HUD’s proposed Affirmatively Furthering Fair Housing rule.

Contact your representative TODAY

Urge your Representative to ensure that these programs are fully funded in FY15.
•    Oppose H.R. 4745
•    Support any amendments that increase funding for housing programs
•    Oppose Representative Gosar’s amendment
•    Oppose any amendments that would further cut HUD programs

To contact Representative, call the Congressional switchboard at 877-210-5351.

San Jose Environmental Innovation Center to Host Ribbon Cutting Ceremony

The Environment Innovation Center project will support job creation for green businesses in San Jose.

San Jose, CA – The San Jose Environmental Innovation Center (EIC) – a model of sustainability and demonstration of the City’s commitment to sustainable design- will host a Ribbon Cutting Ceremony today at the project location of 1608 Las Plumas Avenue in San Jose, CA.  Local officials, project sponsors, investors and partners will join Mayor Chuck Reed in celebrating the completion of the new 50,000 square foot facility.

EIC will provide laboratory, office, proto-type manufacturing and demonstration space for emerging clean technology companies. The LEED Platinum building will itself be a model of sustainability with solar PV panels installed throughout the project to generate all or most of the facility’s energy, a storm water mitigation system, a pervious sidewalk and LED street lighting.

“This project, through its programs and tenants, will create opportunities to stimulate growth, promote energy efficiency and create viable jobs in the San Jose Community” Said Bob Davenport, President of NDC “NDC is proud to partner on a project that supports the City of San Jose’s Green Vision Plan”

As part of the City’s Green Vision Plan to nurture emerging green technology businesses, EIC will integrate broad-spectrum workforce training opportunities for local residents seeking to enter the green economy. The EIC facility will be fully integrated with the City’s work2future program, to recruit and employ jobseekers from the low-income community. EIC will also partner with the Center for Employment Training (CET), a San Jose based nonprofit organization dedicated to fighting poverty and promoting self-sufficiency by making hands on training available to youths and adults in the area.

New Markets Tax Credit Equity financed the development of EIC.  The National Development Council’s New Markets arm, HEDC New Markets, Inc., invested $7.35 million qualified equity investment in the $25.9 million project.  This was combined with financing from Chase New Markets Corporation, Northern California Community Loan Fund, and Brownfields CDE to leverage the NMTC equity.

NDC Grow America Fund Recertified as a CDFI


NDC’s Grow America Fund received notice that it has been recertified as a Community Development Financial Institution (CDFI). As a certified CDFI, GAF is a member of a select group of financial institutions that distinguish themselves by continuously working to transform the lives of America’s most underserved populations. GAF first received CDFI Certification recognition in 1997.
GAF’s dedicated mission to providing opportunity in the face of ongoing obstacles to economic development in distressed communities is critically important, and every day communities across the country benefit from the products and services provided by certified CDFI’s like GAF. We are looking forward to continuing to deliver financial solutions in economically underserved areas. Learn more about GAF here

JPMorgan Chase Launches $7 Million Community Development Financial Institution Collaboratives Loan Program in Buffalo and Erie County

The funds will be available through the City of Buffalo and the Erie County Industrial Development Agency to small and mid-sized businesses

In partnership with the City of Buffalo and the Erie County Industrial Development Agency (ECIDA), National Development Council’s (NDC) Grow America Fund is launching the JPMorgan Chase “Small and Medium Enterprises (SME) Collaboratives” lending program in Buffalo, N.Y.  The new lending program is a $33 million commitment to help CDFIs and small business lenders build capacity and jumpstart job creation in low- and moderate-income communities across the United States.

NDC Grow America Fund is a small business loan program that provides small business lending across the country. Using capital provided by the JP Morgan Chase SME Collaboratives Grant, the Grow America Fund will provide low-interest loans to existing small businesses in Buffalo and Erie County.

“The NDC’s Grow America Fund is welcome news as it will provide an important funding tool that links private and public partners, like JPMorgan Chase, the City of Buffalo and the ECIDA, to support and strengthen small businesses in our community,” said Congressman Brian Higgins.  “Improving the lending capacity to provide resources to existing businesses looking to stay and grow here takes collaboration and confidence in the marketplace and helps build on the job growth and positive momentum building in our region”

“Small businesses and entrepreneurs are important drivers of job creation and innovation in Buffalo, spearheaded by people who have a vested interest in our neighborhoods, schools and our quality of life,” said Buffalo Mayor Byron W. Brown.  “With over $4.3 billion in new economic development activity underway, we continue to work hard and cooperatively with our many great partners to retain, attract and expand small business in the city.  We are thrilled that the National Development Council Grow America Fund is launching the JPMorgan Chase small business lending program in Buffalo that will further contribute to our city’s entrepreneurial community.”

NDC’s Grow America Fund Buffalo lending program is open to qualified existing businesses in operation for at least three years, with between two and 500 employees.  Real estate investments or development projects and financing entities are not eligible. The loans will range from $150,000 to $2.5 million, however the amount an eligible business can borrow is subject to underwriting and available cash flow.

“It is great news for local small business that the NDC Grow America fund is expanding small business lending here in Erie County,” said Erie County Executive Mark C. Poloncarz. “Small businesses are the backbone of our economy and are a vital component of our regional economic success. These businesses can now apply for a loan to build capacity, add jobs or product lines, or otherwise grow and improve their companies, which is good news for everyone in Erie County.”

In 2012, the ECIDA partnered with the NDC to create the “Grow Erie” fund.”  That $4 million fund included $3 million in seed money from the EDC, combined with $1 million from the ECIDA.

That loan program, like the new infusion of “Grow America” fund, is much more flexible than traditional lending programs.  The “Grow Erie” fund, which offers loans ranging from $100,000, up to $2 million, features repayment schedules of up to 25 years and lower rates than those offered by traditional banks and other financial institutions.

“This is a great new tool to assist smaller businesses looking to grow and prosper across Erie County.  It’s a wonderful companion program to the Grow Erie fund,” said ECIDA President and CEO Steve Weathers.


NDC’s East Team Director, Dan Marsh will speak at the Hudson Valley Pattern for Progress: Infrastructure Conference on May 19th in New Windsor, NY. Dan will join Congressman Sean Maloney and other industry professionals from the region to discuss infrastructure issues and help to answer the question, Is infrastructure crumbling or tumbling, and what can be done? Dan’s will be speaking on a panel discussing financing public infrastructure. More information can be found here, 2014 infrastructure Agenda


As we all know, the future of federal economic development programs is under serious threat as Congress targets them in their tax reform and deficit reduction proposals.  Over the last three decades, federal outlays for programs that support community and regional economic development have fallen by 75 percent as a share of Gross Domestic Product.  Now, in addition to this alarming statistic, the potential for Congressional Tax Reform puts Federal tax incentives for community revitalization, such as the Low Income Housing Tax Credit Program (LIHTC), the New Market Tax Credit (NMTC) Program, U.S. Department of Housing and Urban Development (HUD) and U.S. Department of Agriculture programs, U.S. Department of Energy, Tax Exempt Bonds and Small Business Administration (SBA) lending programs, at risk.

NDC ACT, Advocating for Communities Together, was created as a Call to Action—a way to generate a dialog among community and economic development organizations across the United States to share the results of our collective work and to demonstrate to our elected officials the significant contributions of these community development tools to the national and local economies.  Together we can build awareness of the collective impact of these programs and advocate continued Congressional support for them.

As part of a focused effort, NDC ACT will select a specific state and profile the impact of federally funded economic development programs within that state and then share that impact with the states senators and congressmen and women.  The first states we have selected are states where the congressional leadership can have a great impact on preserving these programs.  In profiling a state, our goal is to focus on projects from Community Development Corporations, municipalities, Community Development Financial Institutions, NMTC Community Development Entities, housing organizations, LIHTC syndicators and local non-profits, and share these project with the state’s U.S. Senators and U.S. House of Representatives.

The month of April will highlight economic development projects completed with federal resources in South Carolina.  By using social media to communicate directly with Senator Graham and Senator Scott and South Carolina’s representatives in Congress, we will show the impact of federal economic development resources in their state.  Over the course of a month we hope to create a very clear image of the scale of impact South Carolina’s economic development community has had in their state.

We need your help!  Tell us about your projects: Email us, Connect with us on Twitter  and use #NDCACT and like us on Facebook.  We will re-post and re-tweet your story and do our best to communicate the impact of your work in South Carolina and across the Nation.


The National Development Council’s Grow America Fund is hard at work creating opportunity for small businesses in Salinas Valley, CA.  Check out the April Issue of The Salinas Valley Chamber of Commerce Business Journal to learn more about the Grow Salinas Fund- a partnership between GAF and the City of Salinas which created a $2.2 million revolving loan fund to assist eligible small businesses.


April Issue of Salinas Business Journal

3,267 Organizations Tell Congress To Grow The Pie

In a previous Blog Post we asked you to help our partners @ National Alliance of Community Economic Development Association by signing on to urge leaders of the House and Senate Appropriations Committees to allocate the highest possible levels of funding to the Transportation, Housing and Urban Development, and Related Agencies (THUD) Subcommittees.

3,267 organizations signed on in support- a full re-cap of the letter can be found on the NACEDA Blog . NACEDA and our DC coalition partners are sharing the letter with Members of Congress. We suggest you do the same. You worked hard to meet our 3,000 signer goal. Let us make sure it is seen and read.

City of Salinas and NDC’s Grow America Fund Close Their First Loan

Viajes America Inc. is the first recipient of a loan from the Grow Salinas Fund, a small business lending program that provides low-interest capital to successful small businesses in Salinas that are unable to attain conventional bank lending or are held back by higher interest rates.  The Grow Salinas loan fund is a partnership between the City of Salinas and the National Development Council’s small business lending arm, Grow America Fund.

Read the Full Release HERE!

NDC Announces Dates for NDC Academy 2015

The National Development Council is pleased to announce that the dates of the NDC Academy 2015 will be May 12-14, 2015 in Washington, DC.


With over 400 community development practitioners in attendance, NDC Academy 2013 was our best yet, and 2015 promises to be better!  Development finance programs are under attack in Washington and NDC Academy 2015 will bring together state and local officials, public and private policy makers and elected officials to better understand, utilize and advocate for critical tools like New Markets Tax Credits, Low-Income Housing Tax Credits, HUD 108 loan guarantees and more. NDC Academy 2015 will focus on how these program not only produce benefits to the communities where they are employed, but ultimately, by creating quality, long-lasting jobs, produce enough local, state and federal tax revenue to more than offset their costs.


The NDC Academy’s unique structure allows for a synergistic flow between attendees and government officials. We combine in-depth training for practitioners, indispensable networking events and a forum for attendees to have a voice on Capitol Hill. And again in 2015, our Project Awards Showcase will celebrate the important and innovative community development projects from our colleagues across the country, and introduce Academy participants to the deal-doers themselves.


Check back this summer for more information on the NDC Academy 2015. If you are interested in becoming a NDC Academy 2015 sponsor, please contact Brittani Coy at or 859-578-4850.


NDC CEF Project Residence at Washington Street TO CELEBRATE RIBBON CUTTING

NDC Corporate Equity Fund is proud to announce the Grand Opening and Ribbon Cutting of The Residents at Washington Street in Kokomo, IN! Find more information about the event here.

About The Residents at Washington Street: In Partnership with Miller Valentine, Saint Mary Development Corporation, Area Five Agency on Aging and the Corporate Equity Fund X,  Washington Street Senior Residences brings a new state into the CEF Portfolio. Located in Kokomo, Indiana this senior housing project will make use of low income housing tax credits in a new construction targeted to the senior population in the low- income community. The facility is located in close proximity to community services, and the Kokomo Senior Citizens Center which offers numerous programs for area senior residents.

The Residences at Washington Street E-Vite

Tell Congress to Fully Fund HUD and DOT Programs in Fiscal Year 2015

Our Partners @ National Alliance of Community Economic Development Associations have asked for your HELP!

Sign on HERE

The 2015 budget process is now in high gear. On March 4, President Obama submitted his formal budget request to Congress. Secretary Donovan unveiled HUD’s proposed FY 2015 budget. Now, it’s up to the House and Senate Committees on Appropriations to decide how much funding each of the 12 appropriations subcommittees will receive in Fiscal Year 2015.

This is a key opportunity to influence funding levels for the Department of Housing and Urban Development and the Department of Transportation. Please add your organization’s name to a sign-on letter that was very successful last year. With Rep. Frelinghuysen on the Appropriations Committee, having a good showing from New Jersey is particularly important.

Sign on to urge leaders of the House and Senate Appropriations Committees to allocate the highest possible levels of funding to the Transportation, Housing and Urban Development, and Related Agencies (THUD) Subcommittees, so they have the resources they need to fully fund all housing programs. Read the full letter.

Last year, more than 2,400 organizations signed the letter. Senator Susan Collins (R-ME) cited the letter and waved it in her hand when discussing funding allocations.

Sign on now!

Encourage your members and partners to sign on too. Reach out to transportation advocates in your community. Members of Congress expressed a particular interest in Chambers of Commerce last year. If you work with a local chamber or downtown business council that cares about Americans having a stable home and access to transportation and opportunity, please ask them to sign the letter.

The deadline to sign on is March 12. Let’s get more than 3,000 organizations to sign on to preserve housing and transportation funding!


The Witte Museum in San Antonio, TX will celebrate the completion and Grand Opening of the East Wing of B. Naylor Morton Research and Collections Center with a private event this evening. Beginning March 3rd the East Wing will be open to the public Monday – Friday, 10am – 5pm.

The Witte Museum promotes lifelong learning through innovative exhibitions, programs and collections in natural history, science and South Texas heritage. NMTC financing allowed the completion of the first phase of their redevelopment project, the Witte Research Center. The Center provides a permanent home for the collection stories, programs and exhibits related to South Texas. The redevelopment will expand Witte’s already significant impact on the community by increasing display and program activity areas that are designated to engage participants in the social, cultural and economic history of the area. The new Center presents a significant, cutting-edge museum experience for visitors through a visible storage approach to viewing artifacts and places the Witte Museum at the forefront of innovative museums nationally. Using glass walled galleries and special transparent cabinetry, the Witte’s visible storage approach will transform how a visitor engages with the Witte’s collection.

NDC’s $8 million Qualified Equity Investment in the $11 million project was combined with financing and NMTC allocation from Chase Bank, resulting in the projected creation of 20 construction jobs and 22 permanent jobs.



Sign ON  to support increased HUD funding in Fiscal Year 2015!

The House and Senate Committees on Appropriations will soon decide how much funding each of the 12 appropriations subcommittees will receive in FY15. It is critical that the Transportation, Housing and Urban Development, and Related Agencies (THUD) Subcommittees in the House and Senate receive allocations that are at the highest possible levels, so they have the resources they need to fully fund all housing programs. President Obama will submit his preliminary FY 2015 budget on March 4, which will included the president’s key proposals as well as top-line discretionary spending levels.

Join our friends at NACEDA and their effort by signing a letter to House and Senate Appropriations leaders urging the highest possible allocations!

Here’s how you can take action to support HUD funding:

  • Sign on for your organization.
  • Share the letter with your members and partners and encourage them to sign on. Members of Congress expressed a particular interest in Chambers of Commerce last year. If you work with a chamber or downtown business council, please ask them to sign on.

The deadline to sign the letter is March 12.

NDC Represented at Manufacturing Community Roundtable In Lowell, MA

NDC’s Dan Marsh will speak today on the Key Solutions Panel at the Manufacturing Community Roundtable in Lowell, MA. The panel will discuss potential resources available to address key challenges in the region, Dan will be joined by local and state officials as well as other Non-Profit and For-Profit organizations looking to promote manufacturing growth in Lowell.

The event will explore how to promote manufacturing reuse, primarily in two key areas of the city that are undergoing revitalization―the Hamilton Canal District at the gateway to downtown Lowell, and the Ayer’s City Industrial Park. Revitalization of the Hamilton Canal District will turn 15 acres of vacant and underutilized land into a new and vibrant mixed-use neighborhood. The Ayer’s City Industrial Park will focus on supporting and enhancing existing businesses, attracting new development, creating new jobs, creating attractive links between residences and the district, and enhancing connections to natural resources.

About the Manufacturing Community Roundtable:

The Obama Administration and the U.S. Environmental Protection Agency will partner with the City of Lowell, the State of Massachussetts, and regional economic development leaders, to hold a “Manufacturing Community Roundtable” on February 20. The Lowell Manufacturing Community Roundtable will promote public-private and intergovernmental partnerships focused on revitalization in the Hamilton Canal District and Ayer’s City Industrial Park for a resurgence of manufacturing jobs. It will address key issues including manufacturing site and brownfields reuse, infrastructure, workforce development and job training, and the improvement of community and housing conditions. The meeting will include a focus on implementation of priorities identified as the result of the recent EPA Brownfields Area-wide Planning project spearheaded by the City of Lowell, and other important planning efforts undertaken by the City of Lowell.

The Ayer’s City Industrial Park area was the focus of a 2010 U.S. EPA Brownfields Area-Wide Planning Pilot grant, which enabled the city to prepare a vision for the brownfields in the area that focuses on supporting and enhancing existing businesses, attracting new development, creating new jobs, creating attractive links between residences and the district, and enhancing connections to natural resources. – See more at:

See more about the event from The Lowell Sun:

Event Agenda can be found here:



How Federal Community Development Investments Affect the Nation’s Bottom Line

National Development Council President Bob Davenport (@BobDavenportNDC) was recently interviewed by NACEDA highlighting the work of NDC ACT . We have found that federal incentives for community revializations produce enough local, state and federal tax revenue to more than offset their cost.

Click here to find the full interview.

Like NDC ACT on Facebook and Follow us on Twitter @NatlDevCouncil using #NDCACT

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