NDC Public- Private Partnership - National Development Council

On the cover: The Center for Urban Waters
University of Washington
Biomedical Research Facility
nationaldevelopmentcouncil.org
Seattle, WA 98101
1218 3rd Avenue, Suite 1403
S e a t t l e O f f i c e
NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT
AbouT
NDC
NDC was founded in 1969 with a simple
but powerful mission: increase the flow
of capital for investment, jobs and
community development to distressed
communities throughout the country.
Since then, we have become one of
the leading national non-profit
community and economic development
organizations in the U.S.
We provide a unique combination of
development finance and capacity building
services to our community partners:
development assistance, training and
professional certification, financing and
direct development services.
Nordheim Housing
NDC’s Public-Private
Partnership
Finance Model
The Best of Both Worlds
NDC employs a talented and dedicated
group of development finance experts
including former bankers, developers,
entrepreneurs, community and economic
development officials, and government
agency lenders who partner with
governments and non-profit organizations
to create jobs, develop affordable housing
and generate investment in underserved
urban and rural communities across
the country.
Ninth and Jefferson Building

NDC Public-Private
Partnership Financing
The Center for Urban Waters Interior
With decades of successful experience in
financing and community development,
NDC has forged a unique form of publicprivate
partnerships that has resulted in over
$2.0 billion in projects for local governments
and non-profit and public institutions.
NDC’s public-private partnerships marry
a rigorous public selection and oversight
process with tax-exempt financing vehicles,
501(c)(3) bonds and 63-20 bonds, named
for the IRS rulings which permit them. The result?
The efficiency and speed of private development in
combination with public accountability in building,
owning and operating public and municipal facilities
including city halls, office and research facilities,
parking garages, infrastructure and student housing.
“The public-private partnership
successfully delivered the project.
Leveraging the private sector expertise
of the developer and contractor
delivered a 13% reduction in overall
cost per square foot over initial project
estimates, savings which funded project
enhancements and improved building
efficiency for tenants.“
- King County Final Oversight Report on the
Ninth and Jefferson Building
By creating special purpose non-profit corporations
through NDC’s development arm, NDC Housing
and Economic Development Corporation (HEDC),
NDC is able to issue 501(c)(3) and 63-20 bonds on
behalf of a local government or non-profit or public
institution. Once built, the project is leased to the
public or non-profit entity until the bonds are retired,
when the building is transferred at little or no
cost to that entity. Add to that the streamlined
and collaborative development process, which
preserves the public input and oversight
components characteristic of public sector
development, and the result is a facility that can
cost between 10 and 30 percent less than one built
through typical public sector processes.
NDC’S model
provides that:
• All facilities are transferred to public
ownership at no additional cost to
the public
• All excess income after operating
costs and appropriate reserves, is
used for public purposes
• Construction and development risk
are transferred from the public
entity to the developer, who
oversees the architect and contractor
• Public interest in the asset is
preserved through a structure that
gives the public a decisive role in
key decisions affecting the property
Chinook Building
Redmond City Hall
King Street Center