2007 Annual Report Now Available Exclusively Online
NCB Capital Impact goes paperless with its 2007 annual report! By moving our report exclusively online, we are able to redirect those resources to our social impact initiatives, conserve the earth's resources and reduce our carbon footprint, and support so many of you who now consume your information primarily online for convenience and environmental reasons. Visit our 2007 Annual Report website today.
NeighborWorks America and NCB Capital Impact Present a Shared Equity Symposium
Experienced community developers, homebuilders, lenders, city housing staff and policy leaders convened in Portland, Oregon on December 12 for a full-day symposium about the endeavors to expand homeownership opportunities for moderate and lower-income families and individuals. Resources from the symposium are now available. Learn More
Treasury Department Awards $100 Million In New Markets Tax Credits To NCB Capital Impact
In October 2007, NCB Capital Impact announced that it will receive a third New Markets Tax Credit (NMTC) allocation, bringing its total NMTC allocations to $229 million. Department of the Treasury’s CDFI Fund named 61 organizations as recipients of the $3.9 billion in tax credits for use in low-income communities under the 2007 round of the NMTC Program. NCB Capital Impact was chosen among 258 applicants to receive $100 million for financing health care and education facilities in low-income communities throughout the U.S. Press Release
FREE Guide Outlines Steps to Affordable Cooperative Homeownership
NCB Capital Impact recently released its newest education guide, supporting its mission to ensure economic opportunities for underserved committees. Home Base: The Playbook for Cooperative Development provides developers, tenant groups and policymakers with step-by-step assistance in the development, purchase and management of affordable housing cooperatives. Learn More
NCB Capital Impact Awarded "1" Rating by CARS
Opportunity Finance Network’s CDFI Assessment and Rating System (CARS) awarded NCB Capital Impact its highest rating of 1. CARS is an underwriting approach to uniformly rate Community Development Financial Institutions (CDFI) similar to that used for large financial institutions, but pushes beyond merely assessing financial capacity to measuring impact and policy performance. NCB Capital Impact earned CARS’ highest rating of “1” for Financial Strength and Performance, and the second highest rating “AA” for Impact Performance. Additionally, NCB Capital Impact was awarded a Policy Plus for leadership in policy changes impacting disadvantaged people and communities. Learn More
THE GREEN HOUSE® Replication Initiative
NCB Capital Impact enters a high-velocity phase in the growth and development of The Green House Project, a radically new and innovative approach to long-term, skilled nursing care. With grant funding from The Robert Wood Johnson Foundation (RWJF), NCB Capital Impact is working to replicate the Green House model on a national level - at least one in every state within five years! Organizations interested in becoming a "Green House" should follow the steps outlined on our Information & Workshops web page.
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Photo: ©2006-2007 Shannon Scott