Executive Director

2008 is upon us and I would like to thank NCALL's Board of Directors, staff, and stakeholders for an outstanding 2007. NCALL's services and capacity continue to grow to be better able to address the affordable housing issues facing the Delmarva Peninsula. I am pleased to be able to share a brief overview of 2007. Please look at NCALL's 2007 Annual Report, "Portraits of Affordable Housing" for more information.

2007 at a Glance

Purchased an office building in Georgetown, Delaware to serve our Sussex County clients.
NCALL's Loan Fund originated, provided underwriting, and approval for 13 community development loans valued at $6.8 million through our own and participating capital.
Counseled and assisted 332 first-time homebuyer closings, leveraging over $59 million in attractive mortgages and over $2 million in down payment and settlement assistance.
Counseled and assisted 27 rural households to obtain USDA Rural Development mortgages, leveraging $4.8 million in subsidized federal mortgages.
Counseled and assisted 264 clients in various financial literacy programs to overcome financial hardships and prepare for independence and homeownership.
Assisted 23 operating Mutual Self-Help Housing grantees that closed 100 homeownership loans for an average sweat equity savings of $37,579.
Two multi-family apartment communities completed construction totaling 118 units in Seaford and Millsboro, Delaware. Additionally, two smaller projects in Claymont and Townsend resulted in the completion of 3 affordable units.
NCALL was the largest homeownership producer in Delaware and the Mid-Atlantic District in the NeighborWorks America network.

I hope you find these highlights as significant as we do. NCALL strives to assist households of modest means to achieve improved housing conditions by offering an increasing number of services, by unlocking important resources, by leveraging substantial housing finance and assistance, by lending critical capital, and by working on policy initiatives.

Sincerely,

Joe L. Myer
Executive Director