Nampa Development Corporation
Nampa Development Corporation and Urban Renewal
The Nampa Development Corporation is Nampa’s Urban Renewal Agency, a redevelopment corporation independent of the City of Nampa. The NDC is charged with overseeing Nampa’s revitalization efforts.
The NDC was established in 2006 when the Nampa City Council, under the leadership of Mayor Tom Dale, created an Urban Renewal District in Nampa. The mission of an Urban Renewal District is to revitalize the city, as the NDC and private developers strategically invest in the Urban Renewal District.
The NDC Board of Commissioners, with the assistance of City of Nampa staff and input from Nampa’s citizens, identifies needed projects within the Urban Renewal District. Urban Renewal projects are typically paid for with Urban Renewal bonds, issued by NDC. As property values increase within the Urban Renewal boundary, due to new investment, the rise in property tax revenue is used to pay off the bonds. This form of financing is called Tax Increment Financing (TIF).
Click here to find out how urban renewal funds are calculated.
The Nampa Development Corporation operates under several guiding documents, including the 2006 Nampa Economic Development and Redevelopment Plan and Plan Amendment.