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Near North Development Corporation
Our Mission
Near North Development Corporation promotes sustainable and flourishing neighborhoods through strategic housing, business, and community initiatives.
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).
Our Partners
Programs and Upcoming Projects
Affordable Single-Family Housing Development
Affordable Single-Family Housing Development
Affordable Single-Family Housing Development
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
Near North is currently working with partners at Crestline Development to build 116 affordable renter units at 22nd and Meridian Street with a project completion date of 2026.
Other Affordable Housing Development Projects
Other Affordable Housing Development Projects
Other Affordable Housing Development Projects
- 20 Townhomes (2179 N Illinois)
- 8 Duplexes (2163 illinois & 2344 Kenwood)
Small Scale Developer
Other Affordable Housing Development Projects
Other Affordable Housing Development Projects
Portal Opens Summer 2025
Near North Development Corporation (NNDC), is offering a structured pathway for emerging small-scale developers to build expertise, secure funding, and scale affordable housing projects through its Small-Scale Developer Fellowship (Fellowship).
Funding provided through Community Multiplier grant, IAAQLI, Member Financial Institution.
Financial Housing Challenges
Do you need help with Foreclosure Prevention? Are you struggling with Mortgage Delinquencies?
We are here to help!