About Us
History
Created in 1977 as a partnership among businesses along the Meridian Corridor with the goal of stimulating economic development and stability in the area, removing blight and deterioration, and enhancing the quality of life for area residents and employees. Near North's programs have ranged from enforcement of commercial zoning ordinances and development of an industrial park to housing construction and beautification activities. Geographically, NNDC serves the area bound by 38th Street (North), 10th Street (South), Meridian Street (East), and I-65 (West).
The Near North Mission
Near North Development Corporation (NNDC) exists to generate economic and social vitality in the community through public-private partnerships that deliver positive residential and commercial development.
Programs and Upcoming Projects
Affordable Single-Family Housing Development
Affordable Single-Family Housing Development
Affordable Single-Family Housing Development
Since 2007, NNDC has constructed 109 Affordable Single-Family Homes sold to buyers whose household income is at or below 80% of the Area Median Income.
NNDC is currently constructing two single-family homes at 2420 and 2422 N Capitol Avenue, to be completed in 2025.
Affordable Multi-Family Housing Development
Affordable Single-Family Housing Development
Affordable Single-Family Housing Development
NNDC has a rich history in the development and rehabilitation of multi-family affordable housing in the Near North District.
Near North is currently working with partners at Crestline Development to build 112 affordable apartments and 15 affordable townhomes at 22nd and Meridian Street with a project completion date of 2026.
Housing Counseling
Affordable Single-Family Housing Development
Housing Counseling
One on One Counseling with a HUD Certified Housing Counselor
- Home Purchase
- Post-Purchase (Property Taxes, Home Repairs, Insurance, Warranties, Seasonal Maintenance Plans, etc.)
- Foreclosure Prevention
Rental Repair
Individual Development Accounts
Housing Counseling
Up to $20,000 in repairs or improvements for income qualified renters.
- Structural, mechanical, and health & safety related improvements such as:
- New furnace, air conditioner, or water heater
- Masonry repairs
- New roof or roof repairs
- Exterior handicap-accessible ramp
- New exterior steps and/or railings
Infrastructure Projects
Individual Development Accounts
Individual Development Accounts
At NNDC, we are not limited to affordable development projects. We recently broke ground on a $2.3 million connector trail that surrounds Barton Park. This trail is designed to increase accessibility to community amenities like Barton Park and the Fall Creek Trail, while also making transportation throughout our shared neighborhoods sa
At NNDC, we are not limited to affordable development projects. We recently broke ground on a $2.3 million connector trail that surrounds Barton Park. This trail is designed to increase accessibility to community amenities like Barton Park and the Fall Creek Trail, while also making transportation throughout our shared neighborhoods safer, more convenient, and a healthier way to get around.
Near North Development Corporation also serves as the lead convening agency of the North Meridian TIF Advisory Committee.
Individual Development Accounts
Individual Development Accounts
Individual Development Accounts
Near North Development Corporation is matching eligible individuals 3:1 on their savings in pursuit of the assets mentioned below. Save $1,500 to earn $4,500!
Home Ownership | Higher Education | Home Repair | Job Training | Small Business Start-Up | Vehicle Purchase
Annual Income Limits By Household Size
1 - $29,160
2 - $39,440
3 - $49,720
4 - $60,000
5- $70,280
Grant Funders and Corporate Sponsors
