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NCST’s work increases access to homeownership, promotes resilient neighborhoods, and advances racial equity by advocating for policy change.
DASH, or Developing Affordable Starter Homes, is a program creating a fund that will result in positive race and wealth equity outcomes from increased neighborhood stabilization, minority homeownership, and job creation.
The DASH Fund provides flexible and well-priced debt capital to small entrepreneurs who acquire, renovate, and re-sell single-family homes to owner-occupant neighborhoods that have historically suffered from disinvestment, improving the homeownership stock and growing their own small businesses.
Goals of the DASH Fund:
The pilot city for the DASH Fund is Baltimore City. NCST has partnered with Neighborhood Impact Investment Fund (“NIIF”) and the Baltimore City Department of Housing & Community Development (“DHCD”) to launch DASH in Baltimore. Baltimore-based Dominion Financial Services is providing DASH with loan servicing.
The DASH Fund benefits from capital support from the City of Baltimore and the Neighborhood Impact Investment Fund (NIIF).
Watch a webinar about the DASH Fund program from The Baltimore City Department of Housing and Community Development’s Baltimore Builds webinar series.
Borrower Minimum Eligibility Criteria:
A borrower (or in the case of a company borrower, each Company Principal owning at least 10% of the Company) must meet the following criteria:
If you are a small developer in Baltimore and want to learn more about applying for a loan, please send an email to [email protected].
Standard DASH Loan terms include:
If you are a small developer in Baltimore and want to learn more about applying for a loan, please send an email to [email protected].
If you are interested in partnering with the DASH Fund or want to stay up-to-date on future projects, please signup for updates here.
NCST receives generous support from the Rockefeller Foundation and the PNC Bank Foundation to support the DASH Fund project.
In accordance with federal law and U.S. Department of the Treasury policy, this institution is prohibited from discriminating based on race, color, national origin, sex, age, or disability. Submit a complaint of discrimination, by mail to U.S. Department of the Treasury, Office of Civil Rights and Equal Employment Opportunity , 1500 Pennsylvania Ave. N.W., Washington, D.C. 20220, (202) 622-1160 (phone), (202) 622-0367 (fax), or email [email protected] (email).
NCST’s work increases access to homeownership, promotes resilient neighborhoods, and advances racial equity by advocating for policy change.