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Centro de desarrollo de vecindarios (NDC)

NDC is a Community Development Financial Institution (CDFI) that empowers aspiring under-resourced entrepreneurs to build businesses in their neighborhoods, often the most economically strained in the Twin Cities. The organization describes itself as a character lender and points to its wraparound support for entrepreneurs—both pre-loan and post-loan—for achieving a high degree of repayment. NDC’s lending …

Fondo de Vivienda Familiar: Fondo de Prosperidad del Hogar

Family Housing Fund protects and creates affordable housing in the Twin Cities metro area. It also created the Twin Cities Community Land Bank to strategically invest in land and buildings. Investment $5 million 10-year loan at 2%; originated in 2009. Exited in 2022 (success). Rationale Capital to ease the foreclosure crisis in the Minneapolis-St. Paul …

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