$12 Million Investment Received From Bank of America To Help Underserved Communities

NCB Capital Impact received a $12 million Program Related Investment (PRI) from Bank of America, to improve access to affordable housing, health care and educational opportunities for Americans in low- to moderate-income communities.  Read more in our 10/1/08 press release.
 

Grant Received to Establish Community Approach To Aging

NCB Capital Impact and Witherbee Neighborhood Association announced the award of a $17,200 grant from The Mutual Service Cooperative Fund of the Cooperative Development Foundation. The grant-funded work will expand home care options for elders. Together with the Beacon Hill Village of Massachusetts, NCB Capital Impact will provide technical assistance to create the first operating “Village” model in Nebraska.  The Village model is a new, grassroots community approach to long-term care. Read more in our 9/22/08 press release.

DC Co-op Clinic Scheduled for Saturday, October 25!

NCB Capital Impact is once again sponsoring a one-day “health fair” for members of housing cooperatives.  Last year’s Clinic was a big success with over 200 participants from the co-op community. We will bring together over 30 co-sponsors from the co-op housing community to help local co-ops learn how to better manage the financial, legal, and physical aspects of their property.  This special event will be held at Bell Multicultural High School in Washington, DC on Saturday, October 25.  Learn More 

 
NCB Capital Impact Supports Emergency Loan Initiative for Health Centers in California

August 2008: With a California state budget crisis threatening the ability of community health centers to deliver needed services, the California HealthCare Foundation (CHCF) will provide $10 million to a low-interest loan pool designed to ensure clinics are able to provide uninterrupted care. Other organizations contributing to the fund, now at $24 million, include California HealthCare Foundation, Catholic Healthcare West, Sutter Health, California Primary Care Association, Mercy Partnership Fund and NCB Capital Impact. Additionally, NCB Capital Impact is providing loan underwriting, approval, documentation, and servicing.  Read the full CHCF press release.   Get an Emergency Working Capital Loan Application. 

New Markets Tax Credits Help Finance Green House® Home

The first Green House® Homes to be built in Massachusetts were made possible through an innovative combination of public-private financing and fundraising. NCB Capital Impact and the Massachusetts Housing Investment Corporation deployed $29MM in New Markets Tax Credit allocations to assist the Chelsea Jewish Nursing Home in the development of a $31.4MM innovative skilled nursing development.  Read more in our 7/28/08 press release. 

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Photo: ©2006-2007 Shannon Scott