National Development Council Blog

Our Corporate Equity Fund is in the news!

Brittani Coy — Thu, 19 Apr 2012 21:05:11 +0000

Newly launched NDC Corporate Equity Fund X, L.P, will raise up to $100,000,000 to continue and expand our 17-year, $450,000,000 affordable housing program across the country.

Seattle’s Daily Journal of Commerce names NDC’s Center for Urban Waters Project of the Month

Brittani Coy — Tue, 27 Mar 2012 15:27:41 +0000

NDC’s Tacoma based Center for Urban Waters is recognized for its path-breaking design and its role in reclaiming on of Tacoma’s most contaminated areas.

MEMPHIS AND NDC GIVE LOCAL SMALL BUSINESSES THE “EDGE”

Brittani Coy — Fri, 23 Mar 2012 17:31:43 +0000

Innovative EDGE Impact Fund Promises to Create Much-Needed Jobs

Memphis and Shelby County have a powerful new tool designed to create jobs and improve the local economy. The EDGE Impact Fund, just approved by the Economic Development Growth Engine (EDGE) Board, will pump $500,000 into a new loan fund for expanding small and medium-sized businesses. Leverage will turn the initial capitalization into a pool of $3.0 million for loans available to businesses in underserved areas. NDC, through its Grow America Fund, will administer the EDGE Impact Fund and get good financing to expanding small businesses that are creating jobs. This is just the latest initiative in the City’s and NDC’s over two-decade partnership that has seen the design of programs and financing of projects that benefit the area’s low and moderate-income people.

NDC CEF Announces New $100 Million Affordable Housing Tax Credit Fund

Brittani Coy — Mon, 12 Mar 2012 18:56:26 +0000

The NDC Corporate Equity Fund (CEF), NDC’s affordable housing program, marks the beginning of its 18^th year with the launch of its tenth Fund, a $100 million fund designed for investment in affordable housing projects throughout the country. CEF has invested more than $450 million in over 7,500 units of quality affordable housing for families, seniors and people with special needs in rural and urban areas of 27 states and the Commonwealth of Puerto Rico.

NDC Good News Getting Around: $90 Million New Markets Tax Credits Allocation Noticed.

Brittani Coy — Thu, 08 Mar 2012 16:59:09 +0000

http://www.prweb.com/releases/2012/3/prweb9260931.htm

NDC’s Renewable Energy Program

jeismeier — Fri, 02 Mar 2012 00:59:20 +0000

NDC has launched a Renewable Energy Finance Program to help bring down the costs of going green. As an extension of our work with Low-Income Housing, Historic Rehabilitation and New Markets tax credits, we have added the Renewable Energy Investment Tax Credit to the family of investment tax equity products. Drawing on our experience in structuring difficult investments, we work with solar photovoltaic, solar thermal, fuel cell, geothermal and small wind projects. We see it as a great opportunity to promote the widespread use of renewable energy generating sources.

Download NDC’s Renewable Energy Program Information

NDC’s Renewable Energy Program Brochure

Public-Private Partnerships

jeismeier — Fri, 02 Mar 2012 00:47:56 +0000

With decades of successful experience in financing and community development, NDC has forged a unique form of public-private partnerships to produce more than $2.0 billion of projects for local governments and non-profit and public institutions.

Using various tax-exempt financing vehicles, and a rigorous public selection and oversight process, NDC’s public-private partnerships combine the benefits of private development (efficiency and speed) and public accountability in building, owning and operating public facilities - facilities, infrastructure (roads and sewer lines), parking garages and student housing. This method is especially effective for projects that combine public and private uses, particularly transit-oriented development.

For a closer look at our Washington State projects

Download Public-Private Partnership Information

NDC Public- Private Partnership

PORTFOLIO, STATISTICS AND BROCHURE: HEDC NEW MARKETS, INC

jeismeier — Fri, 02 Mar 2012 00:29:49 +0000

NDC has been using New Markets Tax Credits (NMTC) to support economic and community development for five years. We not only provide tax credit equity to our client communities’ projects, but we also help communities structure their NMTC deals, find the necessary additional financing, and develop relationships with other organizations that receive allocations of the tax credits (Community Development Entities or CDEs) to provide NMTC equity when we cannot. We have strong relationships with other CDEs and frequently work in partnership with them to ensure that projects have sufficient NMTC equity. Our strong investor relationships and experience working with both public and private financing tools ensure that our projects get done. We are currently working with client communities to invest our most recent $110 million allocation of NMTCs.

Download NDC HEDC New Markets, Inc Information

HEDC Brochure HEDC Portfolio & Statistics

Portfolio, Statistics and Brochure: NDC Grow America Fund (GAF)

jeismeier — Fri, 02 Mar 2012 00:10:10 +0000

The NDC Grow America Fund (GAF), in cooperation with our Community Partners, provides financing to growing small businesses throughout the country. GAF operates as a community development lender to support the creation of jobs and the expansion of eligible small businesses in underserved areas, particularly minority and women-owned businesses. The financing provided is partially guaranteed by the U.S. Small Business Administration under GAF’s Small Business Lending Company license, and GAF has Preferred Lender status nationwide.

Download NDC Grow America Fund (GAF) Information

GAF Brochure GAF Portfolio & Statistics

Elli Papadopoulos, GAF Loan Officer Discusses GAF Small Business lending Model at the Montelione Workshop

Brittani Coy — Mon, 27 Feb 2012 22:17:52 +0000

The goal of the panel discussion was to address the relationship between the lender and borrower, and the communication between the parties. The workshop was an excellent opportunity for NDC to share their program expertise with the local community.