The National Development Council (NDC) announced the launch of its 10th low-income housing tax credit (LIHTC) fund.
NDC Corporate Equity Fund X, LP, will raise $100 million for affordable housing developments.
“We are proud to announce the launch of our Fund X, and to celebrate our 18th year of providing affordable housing solutions in communities nationwide,” said Ann Vogt, managing director of NDC Housing and Economic Development Corp., in a statement. “We continue to be committed to maintaining the highest standards for the Fund and to investing in projects with strong partners to best serve communities in need. We look forward to working with our current and new investor and developer partners as we pursue NDC’s mission of creating quality affordable housing.”
During the past 17 years, the nonprofit has raised and invested more than $450 million in housing for families, seniors, and people with special needs nationwide, creating more than 7,500 housing units in 28 states.