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.
Learn more about the “Village” Development Workshop in Boston, Massachusetts on November 10, 2008.
$12 Million Investment Received From Bank of America
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.
To Our Borrowers & Partners
The news over the past few weeks has generated a lot of anxiety about the financial markets, and has caused all of us to re-think our banking relationships, retirement plans and financial security. Understandably, many of you have called to determine how the crisis has affected NCB Capital Impact. This is what we want you to know:
• We have money to lend
• Our financial condition & loan portfolio are strong and sound
• It’s business as usual at NCB Capital Impact
• We are planning for the future
More information (PDF)
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.
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.
News & Events
Photo: ©2006-2007 Shannon Scott
FAQ-Market Conditions 2008 (PDF)