NEIGHBORHOOD DEVELOPMENT CORPORATION

The EDC established a subsidiary corporation, known as the Neighborhood Development Corporation (the “NDC”), to implement housing and neighborhood programs within qualified blighted or redevelopment areas. The NDC can implement a program to acquire property, construct improvements, and rehabilitate or construct houses for immediate sale pursuant to a project plan approved by Detroit City Council. For example, the NDC implemented a residential project on the southeast side of Detroit commonly known as Jefferson Village.

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The NDC is governed by the same Board of Directors comprising of the EDC Board of Directors. EDC board members are appointed by the mayor subject to the consent of City Council.