Recording now available. Congress just passed a 5,000-page package of Covid relief and new federal spending – the first pandemic relief legislation in almost 8 months. The package includes the largest
NDC Corporate Equity Fund is pleased to announce the closing of Tenny Creek Supportive Living. The project will consist of the new construction of 40 affordable housing units for individuals utilizing Medicaid reimbursement, with support from the HUD public housing and Move to Work subsidy programs.
Chrysalis Center Inc., will be substantially renovating 4 buildings containing 32 units of LIHTC housing comprised of eight (8) efficiency, nineteen (19) one-bedroom, three (3) two-bedroom, and two (2) three-bedroom units of housing located on Asylum Avenue and Huntington Street in Hartford, CT.
Lillis Lofts will be the new construction of forty‐three (43) housing rental units in Urbandale, Iowa. Thirty‐eight (38) units will be affordable to families earning 30%, 40%, and 60% of the AMI, there will also be five (5) market-rate units.
Post-election, there is a lot of legislative work for Congress to complete in the remaining weeks of the 116th session. In addition to the unknowns of the current health pandemic and economic fallout, the outcome of the election on the White House and Congress will have a big impact on how and when there will be deals on another round of COVID-19 relief, tax extenders, and Fiscal Year (FY) 2021 appropriations.
Due to the continued uncertainty regarding the coronavirus (COVID-19), NDC made the decision earlier this month to postpone all open, in-person classes for the remainder of 2020. At the same time – we’re committed to delivering all of our scheduled training sessions for 2020 through online formats to ensure that our students can build the development finance skills they need to serve their communities, their organizations and their careers.
NDC is a partner in a new program that will target small businesses in New York State focusing on WMBEs, non-profits, and small landlords that did not receive Federal COVID-19 assistance.
An Overview of the PPP Application Requirements
Helping Small Businesses Connect with Federal Assistance
Recording: Opportunity Zone Updates in WA State: Final Regulations & Investing in Uncertain Economic Times webinarApril 3, 2020
This webinar provides an overview of Opportunity Zones (including the final regulations released in December 2019), discusses projects that have taken place in Washington State, and goes on a deep dive into Marina Square, an OZ project in Bremerton, Washington. Recorded on Thursday, April 2nd.