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Developer of community and public facilities - another important role that NDC can play in helping our client communities meet their community development objectives.
Through our Housing
and Economic Development Corporation (HEDC) we have financed and
developed public or community facilities, for both non-profit
organizations or local governments, in projects totaling nearly
$1,000,000,000. These have included: public office buildings;
education, research and library buildings; recreation, transportation
and parking facilities; student housing and more.
As sponsor or owner/developer NDC HEDC is responsible for:
- Design and costing
- Creation of the development budget and proforma financial
information
- Review of project feasibility Identifying and securing private
sector financing
- Finding and securing public sector financing as needed to
fill gaps
- Finding and securing equity
- Development of an RFP or RFQ for all contractors
- Negotiation of all contracts
- Obtaining legal opinions
- Closing the deal
- Oversight and management of project implementation and construction
- Evaluating and selecting competent property management
- Operating the facility after completion
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