Grow America invests capital to craft equitable, vibrant futures.
Ndc Housing & Economic Development Corporation - Group Return’s recent awards show a finance-first model: a $1,458,010 grant to Seattle Bcof LLC for real estate development sits alongside a $1,250,000 economic development grant to Ndc Housing and Economic Development Corp. The pattern is consistent with Grow America’s role as a capital provider for affordable housing, small business lending, and community development projects rather than a conventional grantmaker. Its program list includes affordable housing finance through Low-Income Housing Tax Credits, Historic Preservation Tax Credits, and Renewable Energy Tax Credits, plus New Markets Tax Credit investments, project financing, and technical assistance. Recent grants also point to operating and working-capital support for related entities, including Ndc Community Impact Loan Fund and Ascendus Inc., which suggests the funder uses grants to reinforce its lending and development platform. The organization’s stated mission is to invest capital to craft equitable, vibrant futures, and the grant history reflects that through financing tied to housing development, economic development, and public-private community projects.
Affordable housing is a core theme in the foundation’s program structure. Its housing platform uses syndicated multi-investor equity funds to provide capital for construction and rehabilitation, including projects financed with Low-Income Housing, Historic Preservation, and Renewable Energy Tax Credits. Community development finance is another major lane: the organization structures financing with local governments, public agencies, nonprofits, and developers through New Markets Tax Credit and other tools. Small business lending also appears in the active program list, where Grow America offers term debt loans with low down payments and longer terms for businesses and nonprofits. The grant records also include support tied to reducing government-service burdens, showing that some awards are used to sustain the operating side of its economic development work.
Typical grant size is concentrated in the middle range, with a p25 of $56,017, a median of $80,000, and a p75 of $200,000. The recent record shows repeated support to the same affiliated entities across multiple years, including Ndc Housing and Economic Development Corp, Ndc Community Impact Loan Fund, and Kings Theatre Master Tenant LLC, which points to recurring rather than one-off support in parts of the portfolio. The foundation is a regular funder and also makes program-related investments. Several awards are framed as operating, working capital, or economic development grants, indicating flexible support alongside project financing.
Financiamiento actual y próximo de Ndc Housing & Economic Development Corporation - Group Return al que tu organización sin fines de lucro podría postularse.
¿Quién puede postularse? Projects must be NMTC-eligible and located in severely distressed census tracts. Grow America requests NMTC Intake Forms from prospective projects.
$2.8M
$818.6M
$113.2M
$110.9M
Most grants fall between $56K and $200K, with a median of $80K.
25th Percentile
$56K
Median
$80K
75th Percentile
$200K
About 89% of grants go to recipients in NY.
DANIEL MARSH III
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Giving is highly concentrated in New York: 89% of grants go to recipients in the HQ state. New York City appears frequently in the recipient list, with grants to Seattle Bcof LLC, Ndc Housing and Economic Development Corp, Ndc Community Impact Loan Fund, Ascendus Inc., and The Community Economic Development Fund I LLC all listed in New York, NY. Outside the state, the recent grants include Albany, NY, Meriden, CT, and San Antonio, TX. The recipient-country distribution is entirely U.S.-based, with 14 grants in the United States.
The active programs point to affordable housing, small business lending, New Markets Tax Credit investments, social infrastructure and public-private partnerships, technical assistance, and training. The recent grants also include real estate development, economic development, working capital, and operations support.
Typical grant size centers on mid-sized awards: p25 is $56,017, median is $80,000, and p75 is $200,000. The recent record also includes larger project-support grants over $1 million.
No. Most grants go to New York recipients, but the recent list also includes recipients in Connecticut, Texas, and Washington. Its active programs describe nationwide scope for several financing lines, with some programs also reaching Puerto Rico.
The record shows recurring support for several recipients across multiple years, including Ndc Housing and Economic Development Corp, Ndc Community Impact Loan Fund, and Kings Theatre Master Tenant LLC. That suggests repeat funding is part of the pattern for some affiliates and projects.
One active program, Nationwide Lending and Entrepreneurial Support, states that it accepts unsolicited requests. Other listed program areas do not indicate unsolicited application acceptance.
2025
Source: IRS Form 990-PF, fiscal year 2025.
¿Quién puede postularse? Organizations and project sponsors involved in housing or community development initiatives that require financing structuring and technical capacity support.
¿Quién puede postularse? Projects must be affordable housing construction or rehabilitation opportunities that can use LIHTC, Historic Preservation, or Renewable Energy Tax Credits. Grow America works with sponsors and developers from project inception.
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Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| SEATTLE BCOF LLC | NEW YORK, NY | $1,458,010 | 2025 | GRANT TO A SMALL BUSINESS OWNER FOR REAL ESTATE DEVELOPMENT |
| NDC HOUSING AND ECONOMIC DEVELOPMENT CORP | NEW YORK, NY | $1,250,000 | 2025 | ECONOMIC DEVELOPMENT GRANT |
| NDC COMMUNITY IMPACT LOAN FUND | NEW YORK, NY | $64,276 | 2025 | ECONOMIC DEVELOPMENT GRANT |
| THE COMMUNITY ECONOMIC DEVELOPMENT FUND I LLC | MERIDEN, CT | $27,485 | 2025 | WORKING CAPITAL GRANT |
| KINGS THEATRE MASTER TENANT LLC | SAN ANTONIO, TX | $20,000 | 2025 | ANNUAL THANKSGIVING DONATION |
| 2816 S MCCLELLAN STREET LLC | NEW YORK, NY | $783,030 | 2024 | GRANT TO A SMALL BUSINESS OWNER FOR REAL ESTATE DEVELOPMENT |
| NDC HOUSING AND ECONOMIC DEVELOPMENT CORP | NEW YORK, NY | $200,000 | 2024 | ECONOMIC DEVELOPMENT GRANT |
| NDC COMMUNITY IMPACT LOAN FUND | NEW YORK, NY | $118,000 | 2024 | WORKING CAPITAL GRANT |
| NEW YORK BUSINESS CORPORATION DBA PURSUIT | ALBANY, NY | $80,000 | 2024 | WORKING CAPITAL GRANT |
| ASCENDUS INC | NEW YORK, NY | $56,017 | 2024 | OPERATIONS (ECON DEV, LI HOUSING, LESSEN BURDENS OF GOV'T) |
| THE COMMUNITY ECONOMIC DEVELOPMENT FUND I LLC | NEW YORK, NY | $52,515 | 2024 | WORKING CAPITAL GRANT |
| KINGS THEATRE MASTER TENANT LLC | SAN ANTONIO, TX | $20,000 | 2024 | ANNUAL THANKSGIVING DONATION |
| NDC HOUSING AND ECONOMIC DEVELOPMENT CORP | NEW YORK, NY | $600,000 | 2023 | OPERATIONS (ECON DEV, LI HOUSING, LESSEN BURDENS OF GOV'T) |
| NDC COMMUNITY IMPACT LOAN FUND | NEW YORK, NY | $62,000 | 2023 | OPERATIONS (ECON DEV, LI HOUSING, LESSEN BURDENS OF GOV'T) |
SEATTLE BCOF LLC
$1,458,010GRANT TO A SMALL BUSINESS OWNER FOR REAL ESTATE DEVELOPMENT
NDC HOUSING AND ECONOMIC DEVELOPMENT CORP
$1,250,000ECONOMIC DEVELOPMENT GRANT
NDC COMMUNITY IMPACT LOAN FUND
$64,276ECONOMIC DEVELOPMENT GRANT
THE COMMUNITY ECONOMIC DEVELOPMENT FUND I LLC
$27,485WORKING CAPITAL GRANT
KINGS THEATRE MASTER TENANT LLC
$20,000ANNUAL THANKSGIVING DONATION
2816 S MCCLELLAN STREET LLC
$783,030GRANT TO A SMALL BUSINESS OWNER FOR REAL ESTATE DEVELOPMENT
NDC HOUSING AND ECONOMIC DEVELOPMENT CORP
$200,000ECONOMIC DEVELOPMENT GRANT
NDC COMMUNITY IMPACT LOAN FUND
$118,000WORKING CAPITAL GRANT
NEW YORK BUSINESS CORPORATION DBA PURSUIT
$80,000WORKING CAPITAL GRANT
ASCENDUS INC
$56,017OPERATIONS (ECON DEV, LI HOUSING, LESSEN BURDENS OF GOV'T)
THE COMMUNITY ECONOMIC DEVELOPMENT FUND I LLC
$52,515WORKING CAPITAL GRANT
KINGS THEATRE MASTER TENANT LLC
$20,000ANNUAL THANKSGIVING DONATION
NDC HOUSING AND ECONOMIC DEVELOPMENT CORP
$600,000OPERATIONS (ECON DEV, LI HOUSING, LESSEN BURDENS OF GOV'T)
NDC COMMUNITY IMPACT LOAN FUND
$62,000OPERATIONS (ECON DEV, LI HOUSING, LESSEN BURDENS OF GOV'T)