NCB Capital Impact in Michigan. About NCB Capital Impact Mission: To help people and communities reach their highest potential at every stage of life.

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Presentation transcript:

NCB Capital Impact in Michigan

About NCB Capital Impact Mission: To help people and communities reach their highest potential at every stage of life We are a CDFI that has been financing community facilities for nearly 30 years. We are a national non-profit organization that provides technical assistance and lending services in various sectors (healthcare, education, elder care, affordable housing).

Community Solutions In addition to lending, we also have a technical assistance team focused on replicating models that are improving the quality of services for people at every stage of life: The Cornerstone Partnership: Peer network supporting affordable homeownership The Village-to-Village Network: Supporting aging-in- place initiatives The Greenhouse Project: A new model for skilled- nursing care

Community Solutions in Michigan 7 Green House homes operating in Michigan, more in development, including 2 in Detroit. 2 Villages currently open with 6 in development. The Cornerstone Partnership has worked with Habitat for Humanity Michigan and lead a feasibility study for a land trust in the North End.

Community Lending The focus of our lending is on supporting quality community facilities in underserved areas. To date we have lent: More than $650 million for Community Health Centers Almost $600 million for charter schools More than $100 million for healthy foods, primarily grocery stores More than $400 million in New Markets Tax Credit transactions

Community Lending in Michigan NCBCI has closed more than $70 million of loans closed in Michigan, primarily in Detroit. About $36MM of that total has been since We are the Financial Intermediary for the Woodward Corridor Initiative We are administering the Woodward Corridor Investment Fund.

The Woodward Corridor Investment Fund $30.25 million fund to support the continued revitalization of the Woodward Corridor. Targeted for multi-family residential rental and mixed-use projects. Investors include PNC, MetLife, Prudential, Fisher Foundation, NCB Capital Impact, Kresge Foundation, Calvert Foundation

WCIF Continued Terms: 15 year term, 30 year amortization, 5% fixed interest rate, 120% LTV The Fund will target twenty percent (20%) of the units financed to be affordable to residents living at or below 80% AMI and fifty percent (50%) of the units to be affordable to residents living at or below 120% AMI Application available at:

Contact Information Ian Wiesner Senior Loan Officer NCB Capital Impact