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Above: |
Carver Neighborhood
Townhomes in Abilene, Texas |
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NDC provides direct financing to assist communities in creating and preserving affordable (and in some limited cases, market-rate) housing using a variety of financing vehicles:
- Low Income Housing Tax Credits
- Preservation Tax Credits
- New Markets Tax Credits (for mixed-used projects)
- Tax-exempt and taxable long-term debt (for projects developed by NDC’s development arm, the NDC Housing and Economic Development Corporation (HEDC)).
Equity Capital Affordable Housing – Low Income Housing Tax Credits and Preservation Tax Credits
There are many funds that provide equity for housing using the Federal Low Income Housing Tax Credit and Federal Preservation Tax Credits, but NDC’s Corporate Equity Fund (CEF) stands out.
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