National Community Fund I, LLC (NCF) has provided financing for the following projects:

Coastal Energy Project

A six megawatt wind farm in Washington generates revenues for a non-profit social services provider

Coastal Community Action Program (CCAP) is a non-profit social services group serving low-income communities in Grays Harbor and Pacific Counties in southwest Washigton. The organization has been working since 2000 to develop a renewable energy production model to help fund its efforts in subsidizing energy costs for the area's low-income residents.

After nearly 10 years, these efforts came to fruition with the expanded vision of the Coastal Energy Project, a six megawatt wind farm located on a rural site within the group's service area. The clean energy generated by the project will be sold directly to the public utility district, and the electricity revenue will provide a long-term reliable funding source for CCAP's many needed programs, including a Low Income Home Energy Assistance Program.

The project utilizes both New Markets Tax Credits and Renewable Energy Investment Tax Credits in its financing structure, and creates a model for using clean energy production to fund non-profit social service organizations that can be duplicated elsewhere in the country.

The four turbines will produce an estimated 13,500,000 kWh of clean energy annually, providing upwards of $500,000 a year in additional funding for Coastal Community Action Program.

Harrison Circle at Morris Heights Health Center

A non-profit healthcare provider expands services with medical offices, pharmacy and senior housing

Morris Heights Health Center (MHHC), the major provider of health care to Morris Heights and the surrounding areas of Bronx, NY, purchased expansion property across the street from its main facility in 2004. The non-profit organization was compelled to increase capacity, provide new healthcare services in the local community, and address the issue of inadequate housing for the area's elderly population.

This new addition, Harrison Circle, will include 30,000 square feet of new medical office space and a 9,000 square foot pharmacy, as well as 70 units of low-income housing for seniors and additional parking space. The facility will include orthopedic, behavioral health and diagnostic imaging services not previously offered, to an estimated 30,000 additional Bronx residents annually.

The developer is incorporating sustainable design elements in the medical office portion of the building, targeting a LEED Silver certification from the U.S. Green Building Council. MHHC will also partner with the local community in efforts to create a Business Inprovement District in the immediate area, and participate in future municipal planning efforts.

MHHC has served the Morris Heights community with distinction since 1981—Harrison Circle will offer more comprehensive care, allowing the surrounding community to remain within the MHHC system for their primary and specialty care needs.

Restoration Plaza

A community hub in Bedford Stuyvesant is renovated to add more services, businesses and improvements

Restoration Plaza, located in the Bedford Stuyvesant neighborhood of Central Brooklyn, has served as town square and major destination for education, commerce and culture for many years. It is home to the Billie Holiday Theatre, Skylight Gallery, Youth Arts Academy and an extension campus of the College of New Rochelle. It also provides essential services to the community including a supermarket, post office, pharmacy, restaurant and several banks.

Bedford Stuyvesant Restoration Corporation (BSRC), the nonprofit developer of the plaza, has undertaken a multi-phased capital improvement plan that will allow for the addition of community and educational programs, expanded retail and office space, and significant exterior plaza renovation.

The project will develop or rehabilitate 25,900 square feet of office space, 7,100 square feet of retail space and 10,000 square feet of space for community revitilization programs. Renovations to the outdoor West Plaza will allow for a more open, pedestrian-friendly design, making it a destination venue for events accomodating up to 600 people.

BSRC was founded through the efforts of Senator Robert Kennedy in 1967, and has been serving Central Brooklyn for more than 35 years as a leader in community development. The expansion and improvement of Restoration Plaza will allow BSRC to better help in transforming and educating its surrounding community.

The Roshek Building Redevelopment

A Historic Building Becomes New Office Space and Retail in Downtown Dubuque, Iowa

The Roshek Building, planned for LEED Gold certification, will bring approximately 1,300 new, well-paying jobs to Dubuque and will provide space to a local community organization at discounted lease rates.

The Project will serve as a keystone for Dubuque’s comprehensive and coordinated redevelopment efforts. The Project is supported by a wide-ranging group of local organizations, including Dubuque Initiatives, a local non-profit economic development corporation that is serving as the Project developer, the City of Dubuque, the Greater Dubuque Development Corp., and several local banks. In addition to housing IBM’s service activities, the Project will revitalize commercial and retail sectors of the Dubuque economy, both by providing additional retail space in the downtown core as well as by eventually increasing the local payroll by over $50 million annually. Moreover, Dubuque Initiatives and IBM have committed to using 10% of the net New Market Tax Credit benefit to fund a Sustainability Endowment, which will be managed by a local non-profit and will provide sustainability-oriented educational and job training programs for the surrounding low-income community. One likely beneficiary of the program has already been identified – Dubuque Housing Education and Rehabilitation Training partnership (“HEART”). HEART provides the opportunity for at-risk high school youth to learn critical trade skills by rehabilitating derelict housing which is then sold to first-time home buyers.

Brooklyn Scholars Charter School

A 27-room Charter School is Being Developed in Brooklyn, New York that Will Bring Much-needed Quality Educational Services and Living Wage Jobs

The Project will bring a new K-8 charter school to an economically disadvantaged area of East New York. Inside Public School District #19, where Brooklyn Scholars Charter School would be located, 41% of students are below proficiency in Math and 60% are below proficiency in English Language Arts. The Brooklyn Scholars Charter School will incorporate an educational system managed by National Heritage Academies (“NHA”), which manages another program in New York that was recently recognized by the New York State Education Department as a “high performing/gap closing” school.

The Project is occupying the site of a former parochial school located in a distressed community in Brooklyn. The 58,700 square foot building is comprised of a two story building with a gym, 27 classrooms, administrative office space and meeting space. The developer will employ energy efficiency systems, which will include upgrading to energy efficient light fixtures and low-flush urinals, a high-efficiency HVAC system, high-efficiency windows, and other improvements.

International AIDS Vaccine Initiative

An AIDS Bioscience Research Laboratory Finds a Home in an Old Military Depot in Brooklyn

"Financing (this laboratory) will help our scientists to explore new innovations and speed the discovery of a vaccine that prevents HIV infection." - Mike Goldrich, Executive Vice President and Chief Operating Officer, IAVI

The site for the new International AIDS Vaccine Initiative (IAVI) bioscience research laboratory is in the Brooklyn Army Terminal in New York City, which served as the largest supply base in the U.S. through WWII. The facility is currently being readapted by the City of New York as a center for bioscience research and bio-manufacturing. IAVI will occupy 39,000 SF of the 4,000,000 SF complex with its laboratory, offices and conference center. The new research facility will centralize IAVI’s efforts to accelerate development of a vaccine to prevent HIV infection and AIDS. In addition, IAVI will contribute to creating a workforce for the growing biotechnology sector in New York City by committing to have 6 full time employees on staff by 2015.

Community Impacts Report - International AIDS Vaccine Initiative

Mercy Corps World Headquarters

World Hunger Relief Organization Consolidates in New Headquarters Building

"(This building's) purpose is to engage visitors in global issues like poverty and hunger. It will be a window to the world for Portland and Oregon." - Kathy Cooke, Director of Administration and Facilities, Mercy Corps.

After a long site evaluation, Mercy Corps chose the historic Skidmore Fountain Building in Portland, Oregon's Old Town/Chinatown neighborhood. Previously located in six separate buildings around town, the organization will now be consolidated in a single headquarters location directly on the city’s Metropolitan Area Express train line. The existing building will be complemented by a newly constructed addition, and the combined 80,000 square foot facility will include dynamic workspace, environmentally friendly architecture and state-of-the-art technology. The organization will also create a ground-floor global hunger and poverty learning center/museum that is anticipated to attract 70,000 visitors per year. The new facility is expected to be completed in August of 2009.

Community Impacts Report - Mercy Corps World Headquarters

McKibbin Street Industrial Center

Small Manufacturing Companies Get Affordable Workspace in a Repurposed Furniture Factory

"Constructing an industrial center serving small and family-owned businesses in the neighborhood would have been impossible without New Markets—without flexible lease terms and below-market rents, our tenants would be forced to flee the inner city or go out of business." - Brian Coleman, CEO, GMDC - as reported in the Brooklyn Daily Eagle

Greenpoint Manufacturing and Design Center Local Development Corporation is leveraging its successful development of five industrial projects in North Brooklyn to redevelop an underutilized and dilapitated historic property at 221 McKibbin Street, in the East Williamsburg neighborhood of Brooklyn. The 72,000 square foot brick structure will be gutted and repurposed to accomodate approximately 20 built-to-suit units for small and mid-sized industrial and artisinal businesses, resulting in 54,000 square feet of new, rentable industrial space. GMDC will offer below-market rate leases to small, locally-owned businesses (average lease rates will be approximately 20% below market), and the 20 small local businesses are expected to employ more than 100 low-income and immigrant New Yorkers in living-wage jobs.

Community Impacts Report - McKibbin Street Industrial Center

Community Medical Centers

Nonprofit Community Health Facility Expands to Include Ambulatory Care Center

Community Medical Centers is the largest and most comprehensive hospital system in California's San Joaquin Valley. Community Regional Medical Center is CMC's downtown Fresno location and serves a diverse population throughout Fresno County and surrounding counties. The project involves the construction of an approximately 78,000 SF medical facility, the Deran Koligian Ambulatory Care Center, which will house several of CMC's non-acute services that were previously located outside of the CMC campus due to a lack of space. The $26.4 million in NMTC financing will allow the development to move forward and is expected to save the hospital $1.8-$3.0 million annually through reduced maintenance and energy costs and increased operational efficiency.

This project will bring critical health care services and economic stabilization to a highly-distressed census tract with a poverty rate of 54.9%. Long supported by the City of Fresno's Redevelopment Agency, this downtown medical campus is considered to be a lynchpin of Fresno's downtown development. This new facility will increase the capacity to care for the region's poor and underserved communities while creating new jobs and encouraging additional development in the area.

Seattle Children's Hospital

Pediatric Care Hospital Adds 80,000 SF of Research Space

Seattle Children's Hospital, a private nonprofit pediatric care and research facility, is renovating an 80,000 SF portion of a property that it purchased in 2006 in order to increase its research capabilities. The renovations will include tenant improvements to install new HVAC, plumbing, electrical and interior finishes in the building that is currently in cold shell condition. Construction is expected to be completed by April 2009.

In support of SCH's mission to provide leading medical research and care in the field of life-threatening children's diseases, this development project will effectively double the available research space in the building. With the help of $30 million in NMTC financing from National Community Fund I and other Community Development Entities, the new facility will bring stabilization to a highly-distressed census tract and is projected to create 246 permanent jobs with wages ranging from $50,000 - $160,000 per year. An additional 75 permanent maintenance, security and janitorial jobs will also be created, as well as 100 temporary construction jobs.

Museum for African Art

African Art and Culture Find a Permanent Home in Harlem

"The Museum for African Art is dedicated to increasing public understanding and appreciation of African art and culture, recognized worldwide as the pre-eminent organizer of exhibitions and publishers of books devoted exclusively to historical and contemporary African art." - Jason Wiggins, ny.com

The Museum for African Art (MAA) is building a 3-story, 75,547 SF facility to serve as its permanent home at 110th Street and 5th Avenue in Harlem. The project includes 16,000 SF of gallery space featuring both traditional and contemporary African art, art work shops and adult programs, and increased operations for free or discounted programs. The building will also include a new Education Center, a library, a restaurant, a gift shop devoted to African design, two classrooms plus an African Discovery Hall constructed as an ever changing series of African "villages." The "villages" will house a new after-school educational initiative, the Passport to Africa Program – a semester-long immersion in the art, history, culture and geography of different African countries.