Grow America invests capital to craft equitable, vibrant futures.
A defining feature of Ndc Housing & Economic Development Corporation is its repeated, multi-million-dollar general operating support for community development organizations in New York. The largest recent awards in the record are $5,500,000 grants to National Council for Community Development, with another $4,500,000 grant to the same organization in the prior year. That pattern points to a funder that uses large unrestricted support alongside project finance and technical assistance, rather than only making small program-specific grants. The foundation’s broader grantmaking aligns with its housing and economic development identity. Its active programs include financing and capacity-building tools for affordable housing, community development, social infrastructure, and New Markets Tax Credits. It also works through a syndicated affordable housing equity fund and project investment structures tied to tax-credit financing. In the recent grants list, support also reaches smaller community development entities such as A Edison Development Corporation, Cdp Carver Inc, Bsel, and B Community Development Properities Wilson Inc, all for general operations. The result is a profile centered on housing finance, community development infrastructure, and institutional support for nonprofit partners.
Affordable housing is a central part of the foundation’s work through its Corporate Equity Fund, which provides equity capital for construction and rehabilitation using Low-Income Housing Tax Credits, Historic Preservation Tax Credits, and Renewable Energy Tax Credits. Its program description also ties this housing work to advisory support and capacity building for sponsors and developers. Community development and economic development appear through the New Markets Tax Credit program, which provides allocations and flexible financing to severely distressed census tracts and supports projects that create jobs and bring goods and services to low-income communities. The active program list also shows investments in housing and community development projects that involve local governments, public agencies, nonprofits, and developers. Technical assistance is not separate from the financing strategy; it is built into the project-investment and NMTC structures. That makes the foundation’s support broader than capital alone, with coordination and structuring as part of the grantmaking model.
$5.6M
$44.2M
$13.3M
$12.8M
Most grants fall between $11K and $4.8M, with a median of $2.3M.
25th Percentile
$11K
Median
$2.3M
75th Percentile
$4.8M
DANIEL MARSH III
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Typical grants range from a p25 of $11,336 to a median of $2,255,738 and a p75 of $4,750,000, showing a mix of small operating grants and very large institutional awards. The recent record also shows repeated support to the same recipient across multiple years, including 2023, 2024, and 2025, which indicates recurring relationships rather than one-off awards. Ndc Housing & Economic Development Corporation is classified as a regular funder and gives program-related support through an operating-grant style pattern, with several awards labeled support general operations. Its active programs include both unsolicited and non-unsolicited channels: the New Markets Tax Credit program accepts unsolicited inquiries, while the corporate equity fund and project investment programs do not.
All recent grants in the provided data went to recipients in the United States, and 100% were in New York recipients. The grant list concentrates in New York City neighborhoods and nearby areas, with Brooklyn and New York, NY appearing repeatedly. Specific recipient locations include National Council for Community Development in Brooklyn and New York, A Edison Development Corporation in New York, Cdp Carver Inc in Brooklyn, Bsel in Brooklyn, and B Community Development Properities Wilson Inc in New York. The foundation’s giving is local in scope and focused on in-state recipients.
Its recent grants go to nonprofit organizations, mostly for general operations. The active program list also shows work with housing sponsors, developers, local governments, public agencies, and nonprofits in housing and community development projects.
The focus areas include affordable housing, small business lending, community development, New Markets Tax Credits, technical assistance, training and professional education, and social infrastructure / public-private partnerships.
The grant-size distribution is wide: p25 is $11,336, the median is $2,255,738, and p75 is $4,750,000. That mix reflects both small support grants and very large awards.
Yes. National Council for Community Development received grants in 2023, 2024, and 2025, including multiple multi-million-dollar general operating awards. That suggests ongoing support rather than isolated one-time funding.
It uses several active programs, including a New Markets Tax Credit program that provides allocations and flexible financing, a corporate equity fund for affordable housing tax-credit deals, and project investment programs that provide capital, financial structuring, and technical capacity-building.
2025
Source: IRS Form 990-PF, fiscal year 2025.
Current and upcoming funding from Ndc Housing & Economic Development that your nonprofit may be able to apply for.
Who can apply: Applicants must be located in the United States or one of its territories; business must be in operation for more than two years; applicants should have required financial documents ready.
Deadline: Rolling intake; no deadline stated
Who can apply: Qualified NMTC projects located in eligible (low-income/distressed) census tracts. Applicants are asked to request NMTC intake forms from Grow America.
Who can apply: Projects and partners involved in housing and community development initiatives; the organization collaborates from project start to structure financing.
Deadline: No public deadline stated; project intake appears to be by request and case-specific.
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Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT | NEW YORK, NY | $5,500,000 | 2025 | SUPPORT GENERAL OPERATIONS |
| A EDISON DEVELOPMENT CORPORATION | NEW YORK, NY | $65,590 | 2025 | SUPPORT GENERAL OPERATIONS |
| B COMMUNITY DEVELOPMENT PROPERITIES WILSON INC | NEW YORK, NY | $7,605 | 2025 | SUPPORT GENERAL OPERATIONS |
| NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT | BROOKLYN, NY | $4,500,000 | 2024 | SUPPORT GENERAL OPERATIONS |
| CDP CARVER INC | BROOKLYN, NY | $11,475 | 2024 | SUPPORT GENERAL OPERATIONS |
| NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT | BROOKLYN, NY | $5,500,000 | 2023 | SUPPORT GENERAL OPERATIONS |
| BSEL | BROOKLYN, NY | $10,920 | 2023 | SUPPORT GENERAL OPERATIONS |
NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT
$5,500,000SUPPORT GENERAL OPERATIONS
A EDISON DEVELOPMENT CORPORATION
$65,590SUPPORT GENERAL OPERATIONS
B COMMUNITY DEVELOPMENT PROPERITIES WILSON INC
$7,605SUPPORT GENERAL OPERATIONS
NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT
$4,500,000SUPPORT GENERAL OPERATIONS
CDP CARVER INC
$11,475SUPPORT GENERAL OPERATIONS
NATIONAL COUNCIL FOR COMMUNITY DEVELOPMENT
$5,500,000SUPPORT GENERAL OPERATIONS
BSEL
$10,920SUPPORT GENERAL OPERATIONS