NEW REVOLVING LOAN FUND TO INCREASE LENDING AND TRAINING FOR SMALL BUSINESSES IN BROWARD MUNICIPAL SERVICE DISTRICTJanuary 21, 2021
NDC is proud to announce the launch of the Broward County, Florida Municipal Service District (BMSD) Revolving Loan Fund (RLF)!
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
Hear directly from New York small business owners how NDC is helping them through the COVID crisis--and find out how NDC can help your small business.
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.
Crain’s New York Business: Here’s an under-the-radar government loan program that could save your small businessNovember 23, 2020
"Ann Finnegan, a director at the National Development Council, a nonprofit that helps small businesses with financing, said the loan program is the most attractive package available for small businesses at a time when federal relief has run dry and Washington has been unable to agree on further assistance."
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.
A unique collaboration among public, private and philanthropic organizations to help keep small businesses open, protect and create jobs, while also looking ahead to strengthen key sectors in the future.
U.S. Department of Commerce to Invest $3.9 Million in CARES Act Funding to Capitalize Revolving Loan FundSeptember 29, 2020
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3.9 million EDA CARES Act Recovery Assistance grant to NDC to capitalize and administer a Revolving Loan Fund (RLF) that will provide critical gap financing to small businesses and entrepreneurs adversely affected by the coronavirus pandemic across […]