Site
Land Bank assisted Neighborhood Development Center (NDC) with the strategic acquisition of 50 units of affordable housing, 5,800 square feet of new commercial space, and the new NDC headquarters. In addition, Land Bank provided a community loan to Neighborhood Commercial Spaces LLC and facilitated site assembly for large-scale development.
Timeline
Purchased and held multiple properties: 2013-2018
Provided loan to Neighborhood Commercial Spaces LLC: 2018
Financials
Loan amount: $276,000
Outcome
Land Bank’s assistance enabled NDC to create affordable housing, grow local businesses, create jobs, and revitalize neighborhoods.
