July 30, 2013
NDC Corporate Equity Fund (NDC CEF) is proud to announce their eleventh low-income housing tax credit (LIHTC) fund, NDC Corporate Equity Fund XI, L.P. NDC CEF is in its nineteenth year of creating affordable housing in rural and urban communities across the country. The $60 million fund was announced on their newly designed website (https://ndccef.org) and will allow NDC Corporate Equity Fund to continue to provide affordable housing solutions in communities nationwide.
The NDC CEF fund is a vehicle for using federal Low Income Housing Tax Credits (LIHTC). NDC CEF provides equity capital for the construction and preservation of affordable housing using LIHTC, and also applies its expertise in Federal Historic Preservation Tax Credits and Renewable Energy Credits.
“We invest in projects that provide significant public benefit to their communities,” said Ann Vogt, Managing Director of NDC Corporate Equity Fund, “Fund XI will allow us to continue with our mission to invest in low-income housing projects with strong partners and bring quality affordable housing to communities all across the country.”
Over the past 18 years, NDC CEF has successfully subscribed ten previous multi-investor funds (NDC CEF I through X) raising and investing more than $550 million in housing for families, seniors and people with special needs nationwide. With over 170 projects in its portfolio, NDC Corporate Equity Fund has $1.5 billion in investments and includes over 7,000 units of housing in 29 states.
More about NDC Corporate Equity Fund
NDC CEF provides equity capital for the construction and preservation of affordable housing using Federal Low-Income Housing Tax Credits, Federal Historic Preservation Tax Credits and Renewable Energy Credits. They provide equity for new construction and rehabilitation and partner with for-profit and not-for-profit developers and general partners. CEF’s investments are underwritten by a team of NDC’s seasoned professionals and monitored by its highly qualified asset management team, which provides compliance and financial oversight and training and operational support to the project sponsors throughout the regulatory period.