2010 Takes Off with Wide-Sweeping Initiative to
Touch the Lives of 2.5 Million People…
...to reach their highest potential at every stage of life. Beginning January 1, 2010, NCB Capital Impact set out to help at least 2.5 million more people over the next three years to have more choice and control of educational opportunities, health care access, homeownership that lasts and care that is dignified and respectful as they age. The initiative got off to a running start that will impact dozens of communities and help hundreds of thousands:
Grassroots Initiative Gets $250,000 Boost
NCB Capital Impact Receives Grant from MetLife Foundation to Launch the Village-to-Village Network, a program Empowering Older Americans to Age in Their Communities (01/28/10)
$5 Million from MetLife Jump Starts $75 Million Program for California Community Health Centers
To Offset the Impact of the California Budget Crisis, NCB Capital Impact and MetLife Team Up to Ensure Access to Quality Health Care for Low-Income Communities (01/12/10)
Innovative Homeownership Strategy Goes National with $1.2 Million in New Grant Funding
‘Shared Equity’ Approach Increases Permanently Affordable Housing in the Nation’s Communities (01/08/10)
Treasury Department Awards $5 Billion To Spur Investment in Economically Distressed Communities
NCB Capital Impact Awarded $90 Million in New Markets Tax Credits for a Total of $409 Million To Date. Read more.
CARS™ Awards Highest Financial Strength & Impact Performance Ratings to NCB Capital Impact
After another rigorous review in 2009, NCB Capital Impact earned CARS’ highest rating of “1” for Financial Strength and Performance, the highest rating of “AAA” for Impact Performance and a Policy Plus for leadership in policy changes impacting disadvantaged people and communities. Read more.
Treasury Department Awards $90 million in
New Markets Tax Credits to NCB Capital Impact
The U.S. Department of The Treasury announced $90 million in New Markets Tax Credit allocations for NCB Capital Impact at a press conference where Treasury Secretary Timothy Geithner highlighted the organization’s innovative approach to effective investment as a model for sustainable economic development. Read more about this news story. See brief coverage from CNBC.
Over $1 Billion Served!
Thanks to our partners and the dedicated community-based organizations with whom we work, NCB Capital Impact is proud to announce that in 2008 we passed the $1 billion mark in disbursements to underserved communities.
Since our inception, NCB Capital Impact has put $1.195 billion to work in low- and moderate income communities throughout the United States supporting growth of community health care centers, charter schools and affordable homeownership.
Read more about this and other news stories here.
Ford Foundation Awards $750,000 Grant for
Shared Equity Homeownership
The first major grant focused on taking shared equity housing to a national scale has been awarded by the Ford Foundation. NCB Capital Impact will act as the facilitator for this unprecedented initiative that will engage the for-profit and not-for-profit affordable housing industry, government agencies at all levels and Smart Growth and asset-building advocates. Additionally, this $750,000 grant complements NCB Capital Impact’s affordable housing lending work.
Read more about this initiative here.A Community Built On a Shared Need
"Village Movement Forms Ties to Help Retirees Keep Homes."
Read the full article By Fredrick Kunkle, Washington Post Staff Writer Sunday, October 12, 2008; Page C01.