Northcountry Cooperative Development Fund, Inc.
Minneapolis MNFounded in 1978, Northcountry Cooperative Development Fund, Inc. (NCDF) is a cooperative community development loan fund that makes loans and provides corresponding support services to consumer, worker, housing, and agricultural producer cooperatives across the upper Midwest.
CDFI Awards for Northcountry Cooperative Development Fund, Inc.
FA (2003) - $945,000
NCDF is being awarded $945,000 in financial assistance, which will be used as loan capital and to augment its loan loss reserve. Some of the funds will be used to finance housing share loans (individual mortgages for housing co-op units) and some for blanket mortgages for the development of new affordable housing cooperatives primarily in the Minneapolis-St. Paul area. Approximately 62% of this award will be targeted to Hot Zones.
CORE (2000) - $230,000
The CDFI Fund"s $230,000 equity investment will help the organization carry out its plan to expand its housing and sustainable agriculture lending.
CORE (1999) - $310,000
The CDFI Fund"s $310,000 award ($60,000 equity investment, $200,000 loan, and $50,000 technical assistance grant) will help NCDF continue to expand its lending activity.
CORE (1997) - $185,000
The CDFI Fund equity investment of $185,000 will enable NCDF to increase its small business lending activity and continue to expand a new Initiative in affordable housing in the Minneapolis area.
Other Community Development Financial Institutions in Minnesota
African Development Center
Minneapolis
CAPITAL CITY PROPERTIES
St. Paul
Community Reinvestment Fund, Inc
Minneapolis
Dakota Futures, Inc.
Morton
Development Corporation for Children
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Great Neighborhoods! Development Corp.
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Greater Minnesota Housing Fund
St. Paul
Habitat for Humanity of Minnesota, Inc.
Minneapolis
Indian Land Capital Company
Little Canada
Indian Land Tenure Foundation
Little Canada
Initiative Foundation
Little Falls
Leech Lake Band of Ojibwe
Cass Lake
Midwest Minnesota Community Development Corporation
Detroit Lakes
National New Markets Tax Credit Fund, Inc
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Neighborhood Development Center
St. Paul
Nonprofits Assistance Fund
Minneapolis
Northland Foundation
Duluth
Sparc
Saint Paul
University National Bank
St Paul
WomenVenture
St. Paul
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