Housing & Real Estate

Real Estate &
Affordable
Housing
Homeownership is the cornerstone of wealth creation in the United States. That’s why we work with our partners at GROWTH to develop more housing that’s more affordable and in more places. Are you interested in being a real estate development partner? Get in touch with us today to find out more.
Affordable Housing Development
Through our partners at GROWTH, Community Development Fund investments have contributed to:
real estate
19

Markets Served

188

Invested in Communities

1712

New Homes Built or Rehabbed

87

Of these projects have benefited LMI buyers and communities

570

Home Sold

Upcoming Real Estate Development Projects
  • Birmingham, Alabama: The City of Birmingham, in partnership with GROWTH by NCRC, signed a $25 million development deal that will begin with building 28 affordable new homes in the historic Belview Heights/Ensley neighborhood of Birmingham. The project will also feature an agreement with the Birmingham Construction Industry Authority to maximize opportunities for minority and women-owned enterprises and veteran-owned small businesses to participate in the development and construction of Oak Hill. The project is slated to break ground this month with the first closings taking place in late 2021.
  • Atlanta: GROWTH by NCRC currently has three unique projects underway in low- and moderate-income census tracts totaling 139 homes with additional projects under consideration. The projects include new construction single-family homes and townhomes, and renovated homes.
  • Cleveland: GROWTH acquired 12 lots in the city of Parma Heights in an moderate-income census tracts and plans to break ground in Fall of 2021. Additionally, GROWTH is working with the Cleveland Landbank on a project in the historic Hough neighborhood starting with 30 new single-family homes.
  • New Orleans: GROWTH has been approved to build 16 new townhomes in the historic St. Andrews area of New Orleans.
  • Washington, D.C.: The Overlook at Anacostia features eight brand-new townhomes in an LMI census tract in Washington, D.C. with stunning views of some of the district’s most noteworthy sights like the Washington Monument and the Thomas Jefferson Memorial. Construction is underway with closings anticipated late 2021.
  • Are you interested in being a real estate development partner? Get in touch with us today to find out more.
Success Stories

  • Our business loan with NCRC CDF has allowed us to take our business to the next level as we entered into the second half of the year. Before meeting the wonderful folks at NCRC CDF, we struggled to get a financial institution to take a risk on a small business. Some wouldn't even take our calls. We are truly grateful for NCRC CDF for having faith in us and offering us a loan that we could manage at an incredible interest rate. We have since used the money to get a head start on Search Optimization, paid advertisement, expansion into other social media avenues as well as bringing on additional team members, part time. We at Thomas & Wynter R&D truly appreciate it. Thank you.

    Sherika Wynter, Co-Founder & Managing Partner, Thomas & Wynter R&D LLC

  • Thank you so very much for assisting me with the PPP. While a very small amount of funding is enough to take my business to the next level, I've literally been in a holding zone for about 60 days waiting for something to break. Thank God for NCRC. Where other banks ignored me and placed additional restrictions, NCRC made it simple. I will be sure to make others aware of the PPP through NCRC. Again, thank you and the entire NCRC team that helped to make this happen!

    Racquel, Business Owner

Want to get involved?

Get in touch with us to receive more information or discuss current borrowing opportunities and applications, contributing to our CDFI, or becoming a partner.
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