Real Estate Development
Building and preserving housing for families and elderly.
NCALL's housing development team provides its expertise to nonprofit organizations seeking to develop and/or preserve affordable housing that serves low-income families, the elderly, and farmworkers.
NCALL's technical assistance includes housing development, organizational development and asset management services to establish community partners that are operationally strong, fiscally sound, and producers of affordable housing that is well built and well managed.
NCALL's housing development technical assistance supports nonprofit sponsors in developing affordable apartment communities through every step of the process. From finding a site, conducting a feasibility analysis, convening the development team of professionals, assembling applications for financing, and monitoring construction and rent-up,
NCALL's assistance is available. NCALL's technical expertise helps sponsors wade through the necessary paperwork and assemble the financial packaging for each financing source. NCALL has extensive expertise in a variety of multi-family housing production programs:
- Low-Income Housing Tax Credit programs
- USDA Rural Development's Section 515 rural rental housing
- USDA Rural Development's Section 514-516 farm labor housing
- HUD's HOME program
- HUD's Section 202 and 811 housing
- FHLB's Affordable Housing Program
- State HFA financing programs
In addition, NCALL has aided regional and community-based nonprofit corporations in developing model housing communities throughout the Delmarva Peninsula. Nonprofit organizational development and asset management services are provided upon request. Asset management is a planning process that involves the active and strategic pursuit of an owner's long term goals for maintenance, management and disposition of its housing communities.
Nonprofit organizations seeking to develop and/or preserve affordable housing that serves low-income families, the elderly, and farmworkers. The target area is the Delmarva Peninsula.