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NCB Capital Impact
Arlington VACDFI Awards for NCB Capital Impact
NMTC (2009) - $90,000,000
NCB Capital Impact (NCBCI) is a national organization focused on lending and technical assistance to non-profit community facilities, particularly community health centers, charter schools and long-term care organizations. NCBCI provides subsidized capital to non-profit borrowers, allowing them to devote more resources to providing services to low-income communities. It will offer a range of debt financing for the acquisition, construction and renovation of community facilities, characterized by below-market interest rates and flexible loan-to-value, debt coverage ratios, and repayment terms.
NMTC (2008) - $90,000,000
NCB Capital Impact will use its NMTC allocation to further its existing strategy of investing nationally in community-based schools, health care centers, and long-term care facilities that serve low-income and very low-income populations. In this next phase of NCB Capital Impact’s NMTC business strategy, it will also broaden its activities to include shared equity for-sale housing. NCB Capital Impact believes that borrowers in the shared equity housing market will greatly benefit from an increased supply of attractively-priced, flexible capital that will be made available through NMTC financing.
NMTC (2007) - $100,000,000
NCBDC will target two industries in which demand for low-cost, concessionary capital is extremely high: education (i.e., charter schools) and health care. NMTC proceeds will be used to provide fixed rate, long-term debt financial products characterized by flexible features such as below-market interest rates, higher loan to value ratios, and longer amortization schedules. These financial products will address the pressing budgetary pressures and economic challenges faced by charter school operators and health care borrowers located in economically distressed communities who predominantly serve low-income individuals and families.
NMTC (2006) - $54,000,000
NCBDC will target two industries in which demand for low-cost, concessionary capital is extremely high: education (i.e., charter schools) and health care. NMTC proceeds will be used to provide fixed rate, long-term debt financial products characterized by flexible features such as below-market interest rates, higher loan to value ratios, and longer amortization schedules. These attractively-structured NMTC financial products will address the pressing budgetary pressures and economic challenges faced by charter school operators and health care borrowers located in economically distressed communities who predominantly serve low-income individuals and families.
NMTC (2003) - $75,000,000
NCB Development Corporation will utilize its NMTC allocation for investment in two primary investment areas: charter schools and health centers located in economically distressed communities across the country. The NMTC allocation will allow NCB to offer these community-based providers flexible, belowmarket financial products that will reduce overall borrowing costs for facilities acquisition, renovation and/or construction. These products will feature longer amortizations than are currently provided, reduced pricing, and higher loan-to-value ratios. By providing borrowers with the economic benefits of, and access to, more flexible and less expensive financing, a NMTC allocation will allow charter school operators and community health centers to maximize the use of scarce resources so that they can improve the services that they provide to low-income families.
Other Community Development Financial Institutions in Virginia
123 New Market Investors, LLC
Great Falls
Business Seed Capital, Inc.
Roanoke
ECDC Enterprise Development Group
Arlington
Hampton Roads Ventures, LLC
Norfolk
Lynchburg Community Loan Fund
Lynchburg
Minerva Seed Fund
Fairfax City
NCB Capital Impact
Arlington
New Enterprises Fund, Inc.
Christiansburg
Piedmont Housing Alliance
Charlottesville
Southside Development Enterprises, LLC
Portsmouth
Featured Government Grant Resources
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The Small Business Administration has established the Historically Underutilized Business Zones (HUBZone) Empowerment Contracting Program wherein they aim to provide federal contracting assistance to eligible small business corporations which are located in underutilized business zones so as to improve their employment opportunities, investments, and their area's economic development.
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The government has launched innumerable programs that are all geared towards the achievement of this goal. Some of these programs involve the provision of technical assistance, training sessions, and strategies that would potentially help business owners in marketing their products and in expanding their businesses.
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