ANCHORAGE, AK, May 8, 2013–Anchorage Community Land Trust officials announced today that it was the recipient of the NDC Academy 2013 Award in the Community Development category. The Land Trust is a leading partner in the strategy to revitalize Mountain View, a low-income community in Northeast Anchorage. Acting as a catalyst for private sector investment and community betterment, the Land Trust builds capacity in the community to address quality of life issues. The Land Trust also acquires and develops real estate along the business corridor, providing rental space for area businesses, non-profits, and artists, and provides land-holding for community benefit and investment opportunities. As a property owner and manager on Mountain View Drive, the community’s main commercial thoroughfare, the Land Trust leverages public and private resources, such as state, Federal and foundation grants, New Market Tax Credits, and HUD 108 and bridge loans to acquire and develop properties that are strategic to redevelopment efforts.
Mountain View was one of Anchorage’s first neighborhoods. Early homesteaders and pioneers came to Alaska to settle in the last frontier and build families, homes and businesses. Housing and zoning changes in the 1980s and 1990s shifted historic Mountain View from a single family housing neighborhood to an area filled with higher density multi-family rental properties, leading to increased crime, school decline and business abandonment. This project is focused on reversing urban blight, reducing crime and stabilizing this historic community while establishing an array of housing options and attracting new businesses and much-needed jobs. Total project cost is $20 million.
For more information, contact Kirk Rose, Community Development Manager, Anchorage Community Land Trust, 161 Klevin, Suite 204, Anchorage, AK 99508.
The National Development Council (NDC), a national leader in economic and community development, celebrated its fifth biennial Academy 2013 with San Antonio Mayor Julián Castro and U.S. HUD Secretary Shaun Donovan as keynote speakers. Mayor Castro welcomed the 350 plus participants at the event’s Keynote Lunch on the opening day, while Secretary Donovan addressed attendees during the Awards Luncheon held the final day of the conference.
Since 1969, NDC, one of the nation’s oldest non-profit community development organizations, has been committed to increasing the flow of capital to distressed urban and rural communities. NDC is mission-driven to create and implement community and economic development strategies that improve underserved communities and bring about catalytic change. To accomplish these goals, NDC offers a wide range of services, including technical assistance, professional training, small business financing, development expertise, and debt and equity for housing, commercial and community facilities projects.
Over the years, NDC has invested more than $450 million in equity for affordable housing and historic preservation projects, which has leveraged an additional $500 million of investments. “We are proud to have financed projects that include housing for families, seniors and people with special needs nationwide, creating more than 7,500 units of housing in 29 states and the Commonwealth of Puerto Rico,” said Robert W. Davenport, President of NDC.
Other winners of NDC Academy 2013 Awards:
Green City Growers Cooperative, Cleveland, OH, a multi-faceted project that includes a year-round hydroponic food production greenhouse, a 38,000 square foot distribution center, supported parking and green space on nearly 11 acres
Verde Gardens, one of the most innovative supportive housing projects in the country, which is a supportive housing community in Homestead, Florida for formerly homeless families and individuals with special needs, which includes a 22-acre on-site development including sixty 2 bedroom, 2 bathroom units located in Miami, Florida
Creative Financing category
I. Jerome and Rosemary Flance Early Childhood Education Center at Murphy Park, St. Louis, MO, a 23,800 square foot facility that serves a low-income community with 13 infant, toddler and preschool classrooms along with a wellness clinic
Nearly 80 projects were submitted by communities from across the country. Award winners were selected by their peers. For more details about the award winning projects, visit www.NDCAcademy2013.org
NDC Academy 2013 was sponsored by:
Citi Community Development, CohnReznick; BB&T; PNC ; Shallo, Galluscio, Bianchi & Fucito; Law Office of Mark D. Foster; SunTrust; Hillis Clark Martin & Peterson; Novogradac & Company; KeyBank; Applegate & Thorne-Thomsen; Arthur J. Gallagher & Co.; Pep; and Status Credit.
About The NDC Academy
The NDC Academy is a biennial conference of the National Development Council, which brings together economic and community development professionals from around the nation with policy makers, advocates and elected officials for high impact training, learning and networking.
About the National Development Council
For more than 40 years, the National Development Council has worked to create and implement economic and community development strategies that increase the flow of capital, establish finance programs and help to create a professional economic and community development workforce. NDC offers a wide range of services, including development assistance, professional training, small business financing and debt and equity for residential, commercial, public and non-profit facilities projects. To learn more, please visit www.nationaldevelopmentcouncil.org.
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