Soft uplifting music plays.
As this video opens, a man with salt-and-pepper hair, brown eyes, and a goatee speaks to us.
Text on screen:
Adrian Washington, President and CEO, Neighborhood Development Company.
I'm Adrian Washington. I'm the President and CEO of the Neighborhood Development Company. Washington D.C. is one of the most expensive areas in the country to live in.
Video clips show an urban neighborhood, where a man enters a large building with signs reading, “Neighborhood Development Company.”
Next, Mr. Washington meets in an open office space with executives from his team.
I grew up in Ward 8, where you see people who had struggled and so we really looked at what we were doing and said, “How can what we do, which is to improve the neighborhood, also really help the people who had been there the whole time?” And so, we really started to focus on communities and businesses that were in danger of being displaced.
Mr. Washington participates in a "Grand Opening" ribbon-cutting ceremony with a diverse group of city representatives and neighborhood residents. They all smile as they simultaneously cut the ribbon.
We developed over a million square feet of real estate, over 1,900 units of housing, we have a pipeline in excess of half a million, and we want to take what we’ve done and grow it and make it bigger and better.
In a spacious office, Mr. Washington reviews blueprints of proposed building projects.
So, at our 1100 Eastern project, we worked with JPMorgan Chase on the financing. It’s a 63-unit affordable housing project at the far eastern edge of our city.
Mr. Washington walks toward a large brick building, displaying the words “1100 Eastern.” He wears a hardhat as he inspects the inside of the empty property.
And then we had ground floor retail. So, we were fortunate to find a daycare provider who wanted to be there and it's a perfect win-win solution we're super excited about.
Mr. Washington reviews detailed plans and blueprints marked:
1100 EASTERN AVENUE NE (Northeast)
And so, I want to take what is great in a community, what is great culturally, and enhance it, not displace it.
Mr. Washington looks over more blueprints and a large color illustration of Neighborhood Development Company's "1100 Eastern" project.
We were one of the first recipients of Equitable Path Forward funding from JPMorgan Chase and we were very excited. It was a program that provided direct capital into Neighborhood Development Company to allow us to grow and expand what we're doing.
In a conference meeting, Mr. Washington speaks with two of the Neighborhood Development Company's executives: a brown-haired woman and a bald man).
And so, having partners that understand what we do, that get it, that can add value is just critically important. Our partnership with JPMorgan Chase goes back over a decade now, and in working with them over multiple projects, we have the ability to further strengthen that spirit of partnership and add to what we're doing.
Video clips show locations in Washington D.C., including a streetlight, on Georgia Avenue, a residential neighborhood, and the Neighborhood Development Company headquarters.
I wanted our company to reflect what's going on in the communities that we serve. What can I do to go back into those neighborhoods and help the people in the community?
Mr. Washington smiles as he meets with his senior staff, discussing upcoming projects.
- J.P. Morgan;
- (and) the Chase octagon symbol.
Text on screen:
Equal Housing Lender.
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Adrian Washington founded Neighborhood Development Company (NDC) in 1999. “Our goal has always been to do more than just build buildings. We want to create healthy, sustainable communities,” he said.
As CEO, Washington has been delivering on the real estate development company’s goal ever since.
Neighborhood Development Company is just one of the mission-driven real estate companies the firm supports. Find out more about the people behind Community Development Banking’s investments.