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The National Development Council is the oldest national non-profit community and economic development organizations in the U.S. It was founded in 1969 with one purpose: increasing the flow of capital for investment, jobs and community development to under served urban and rural areas across the country. Since that time, NDC has worked with thousands of communities in every one of the 50 states and Puerto Rico, providing technical assistance, professional training, investment in affordable housing, small business financing and direct developer services. Our work has taken many forms, but we have kept pace with the needs of our constituents, adding new programs and services or updating old ones.
Raised over $450 million in equity from private investors that has been invested in affordable housing and historic preservation projects, leveraging an additional $500 million of private sector investments.
Developed and financed over $2.0 billion in tax-exempt bond financed projects that have included affordable housing, public office buildings, historic structures, education, recreation transportation and non-profit facilities.
Trained more than 60,000 practitioners in the art and science of economic and housing development finance through local training programs and a biennial NDC Training Academy.
Loaned more than $161 million to over 468 small businesses (of which 49 percent are minority or women-owned businesses), creating and retaining nearly 13,000 permanent jobs and increasing investment in many underserved neighborhoods.
Financed 87 projects using New Markets Tax Credits (NMTCs), leveraging an additional $1.7 billion in financing for public facilities, mixed-use real estate projects and growing businesses
And through Technical Assistance, our client communities have generated hundreds of millions of dollars of additional private and public investment for their community and economic development projects and programs.
NDC’s staff of former bankers, developers, entrepreneurs, community and economic development officials and government agency lenders understands the needs and concerns of both the private and public sectors, so we help our client communities bridge the differences.
Like private investment bankers, we match the best sources of capital with project needs. But we do it for Main Street, not Wall Street
Like private developers, we organize all that’s needed to build high quality projects, efficiently and at the lowest possible cost, and then we build them. But we do it for public and community benefit.
Like private lenders, we provide SBA-backed credit for small businesses. But we lend for community development purposes