NCB Capital Impact is a national community development finance organization that works with cooperatives and other community-based organizations to empower underserved communities. NCB Capital Impact provides financial services and technical assistance to create more affordable homeownership, assisted living, housing and services for the frail and elderly, and facilities for community health care centers and charter schools.
NCB Capital Impact assembles and leverages public and private resources to provide financing, real estate development services and training for community-based organizations that produce:
Affordable Assisted Living: We marshal resources and work to create the environment necessary to make affordable assisted living a reality for low-income seniors.
Health Care: We combine industry knowledge, financial services and underwriting expertise to help ensure quality health care is available to the uninsured and underinsured.
Affordable and Co-op Housing: We offer innovative finance, development and training services to preserve and create affordable housing for low-income communities.
Education: We help charter schools remove the barriers to locating, renovating and financing suitable facilities to house them.
Green House Initiative: With grant funding from The Robert Wood Johnson Foundation (RWJF), NCB Capital Impact is pursuing the rapid replication of the Green House® model on a national level, offering technical assistance and financing to organizations interested in developing this new skilled nursing approach with social-friendly, homelike facilities for 10 to 12 residents.
NCB Capital Impact serves a diverse clientele nationwide. Ten percent of clients live in rural areas, 30 percent live in minor urban areas, and 60 percent in major urban regions. More than half of our clients are ethnically diverse; 40 percent are African-American, eight percent are Latino, three percent are Asian, and two percent are Native American. Fifty percent of our clients are women and 80 percent have household income at or below 80 percent of the areaâ€™s median income. Most borrowers use financing for community facilities, including cooperatives, social enterprise projects, and affordable housing developments.
Since inception, NCB Capital Impact loans and investments have created approximately 32,800 units of affordable housing, 8,900 assisted living units for the elderly, 15,200 jobs for low-income individuals, 119,000 school seats, and 2.6 million square feet of community health center space serving more than 1 million patients annually. To accomplish these feats, NCB Capital Impact has loaned or invested more than $1.5 billion in its five core industries.
The Media and Technology Charter High (MATCH) School opened in 2000, serving 175 students in grades 9-12. The school received a New Markets Tax Credit (NMTC) in order to increase its space by 50 percent so that they can continue their innovative MATCH Corps program. The students are mostly ethnic minorities, and three quarters of them qualify for free or reduced-price lunch programs. Most come from failing schools in inner-city Boston and did not pass state standardized tests when entering MATCH School. Now, 100 percent were accepted into college as of graduation, thanks to the opportunities from the NMTC. Full Story