NCCLF's 2012 Annual Report - Northern California Community ...

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The federal New Markets Tax Credit (NMTC) program revitalizes distressed communities by encouraging private investment and economic growth. The program attracts investment capital by offering private investors a tax credit in exchange for making equity investments in economic revitalization projects. Over the past four years, NCCLF has received $60 million in NMTC allocation authority. We are proud that our first NMTC client was the Ed Roberts Campus. Named after the inspirational disability advocate and founder of UC Berkeley’s Physically Disabled Students Program, the Ed Roberts Campus is an international model of dedication to disability rights and universal access. The 80,000 sq. ft. building, located at the Ashby BART station in Berkeley, incorporates exhibition space, community meeting rooms, a child development center, a fitness center, offices for nonprofit organizations, and vocational training facilities. The Campus integrates sophisticated design solutions to provide universal access and environmentally sustainable development. We use our New Market Tax Credit expertise to create new jobs. NCCLF worked with Catholic Healthcare West, Mercy Partnership Fund, the National Development Fund, and JPMorgan Chase in a public-private partnership to finance the project. Since this first allocation, NCCLF has distributed an additional $35 million in New Market Tax Credits to other projects, using our NMTC expertise to create new jobs and other benefits in some of Northern California’s most distressed communities. We have found creative ways to use this program to improve the lives of thousands of our region’s most impoverished citizens. Cover photo: The Ed Roberts Campus under construction in 2008 and today. (Photos by Roy Manzanares)
Social Impact: Bringing New Capital to Communities in Need Total Lending 1987-2012 FY2012 $91,669,816 $13,520,374 Total Financing Leverage $1,069,586,077 $50,372,799 Housing Units Created/Preserved 5,742 85 Our loans support nonprofit projects and enterprises that benefit low-income residents or communities throughout the 46 northernmost counties of California.
Page 1 and 2: Northern California Community Loan
Page 3 and 4: A Message from NCCLF’s President
Page 5 and 6: Celebrating Twenty-five years of se
Page 7 and 8: Twenty-five years of NCCLF’s Lend
Page 9 and 10: Twenty-five years of NCCLF’s Cons
Page 11: New Market Tax Credits revitalizing
Page 15 and 16: Sources of Loan Capital Government
Page 17 and 18: Axis Community Health low-income co
Page 19 and 20: St. Anthony Foundation providing A
Page 21 and 22: San Jose Environmental Center innov
Page 23 and 24: JPMorgan Chase supporting affordabl
Page 25 and 26: Condensed Statement of Financial Po
Page 27 and 28: Donors WE ARE GRATEFUL FOR THE GENE
Page 29 and 30: Investors (continued) Banks Norther
Page 31 and 32: Our Staff Greetings from all of us

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