NeighborWorks Capital

We finance real estate development projects of NeighborWorks Organizations that are creating and preserving affordable rental and for-sale housing, and commercial projects resulting in reinvestment in low income communities across the country.

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  1. Los Angeles Apartments
  2. Whittier Landing
  3. Kohler Avenue
  4. Pearls/Pride!
  5. Fairfield Commons
  6. Butler Payson Senior Housing
  7. Beacon Place
  8. Deer Run Apartments
  9. Buttermilk Falls Townhomes
  10. 108 Newbury Street
  11. Talbot Commons
  12. Arden Street
  13. Eastway Village Homes
  14. Paseo Santa Clara
  15. Gables II
  16. Whittier Landing
  17. Benfield Farms
  18. 1000 Rosewood
  19. Barclay-Greenmount
  20. Woodbury North
  21. Thompson Place & Kings Point
  22. Pagedale Retail
  23. Azahar Place
  24. Paseo Santa Barbara
  25. Paseo Santa Clara
  26. River Station Condos
  27. Westinghouse
  28. AB&W Bldg.
  29. San Luis Self-Help
  30. Enclave at Hilliard Run Homes
  31. Rich Street Condos
  32. City View Homes
  33. Townhomes of Ashbrook
  34. Pineview Apartments
  35. Florida Street - KALOS
  36. 3rd Street Exchange
  37. Parkis Avenue West
  38. Friedman Court
  39. Sunset Corners
  40. Dacian Glen Apartments
  41. Madison Glen
  42. Highland Village
  43. Stephenson Pointe
  44. Shattuck Hill
  45. Forest Apts.
  46. Hudson Homestead
  47. Millerton
  48. Duck Mill
  49. Madison Park III
  50. Ruggles-Shawmut
  51. Hill Housing
  52. Takoma Park Preservation
  53. Parkview Towers
  54. Zion Square
  55. BLADES
  56. Village of Harvest Hills
  57. Franklin Avenue Bldg.
  58. Fair Haven Mutual Housing
  59. Canterbury Gardens
  60. Kirkham
  61. Quincy Commons
  62. Bartlett Place
  63. Portage Housing III
  64. Lakewood Homes
  65. Stockton Boulevard
  66. Gilroy Cannery
  67. Glen Rock
  68. Montana OLP
  69. NHS Offices
  70. Belle Creek , Phase 1
  71. Orr Creek
  72. Pagedale Senior
  73. Twin Oaks
  74. Bradford Townhomes
  75. HRWC OLP
  76. Silver Mill (Renaissance 8)
  77. Ko'oloa'ula Phase 1
  78. Caledonia Condos
  79. Spruce View Apartments
  80. Highwood Square
  81. HOPN II - Newburgh Hts.
  82. Mutual Housing at Spring Lake
  83. Connell Apartments
  84. 5716 Michigan Avenue
  85. Fairway Oaks
  86. Westfield Commons
  87. Alexander Court
  88. Live Oak Seniors
  89. Solstice Senior Housing
  90. Village at New Seasons
  91. Malibu Apartments
  92. Halpine Hamlet
  93. Wilton Commons II
  94. Sitkowski School
  95. Brookside Court
  96. Wolf River Bluffs
  97. The Meadows

  1. Beyond Housing, Inc. - $646,000

    Pagedale Senior Apartments

    Pagedale Senior Housing is a 56-unit multifamily rental project consisting of 2 bedroom units for households at 50% AMGI. This interim development loan was used to fund acquisition costs associated with the project. (2009)

  2. HomePort - $200,000

    Whittier Landing is a proposed 40-unit rental property with 3-4 bedroom units for households between 40%-60% AMGI. This loan was used to fund predevelopment expenses associated with the project. (2009)

  3. Thistle Housing CDC - $500,000

    Fairway Oaks is a 74-unit multifamily rental project consisting of one and two bedroom units for households with 50% AMGI. This interim development loan was used to bridge an insurance claim to expedite the restoration of one building after the project suffered fire and smoke damage. (2010)

  4. DHIC, Inc. - $600,000

    Madison Glen is a newly constructed 120 unit affordable rental project offering 1, 2, & 3 bedroom apartments.  Over 90% of the units are targeted to households below 40% of AMI.  NC’s interim development loan bridged financing from one of the local project subsidies. (2003)

  5. Willamette Neighborhood Housing Services - $645,300

    Sunset Corners is a 6-unit rental project with 2-3 bedroom units for households at 60% AMGI. This interim development loan was used to fund acquisition costs associated with the project. (2006)

  6. Mutual Housing Association of Southwestern Connecticut, Inc - $200,000

    Wilton Commons II

    Wilton Commons is a newly constructed 77-unit multi-family rental project offering 1-2 bedroom units exclusively for senior housing. This loan was used to fund pre-development expenses associated with the project. (2008)

  7. Mutual Housing Association of Greater Hartford, Inc. - $150,000

    Zion Square is a 24-unit rental project offering 3 bedroom units to households within 40%-50% AMGI. This loan was used to fund pre-development costs associated with the project. (2004)

  8. Charlotte Mecklenburg Housing Partnership - $775,000

    The Arden Street project will be a mixed-use development planned for 42 rental units and 33 for-sale town homes and is part of a large redevelopment plan adopted by the Charlotte City Council. NC’s loan facilitates the purchase of several key parcels. (2011)

  9. NeighborWorks New Horizons - $750,000

    Hill Housing is a 17 building, 65-unit affordable rental project offering one to four bedroom affordable housing units. This interim development loan was used to purchase the general partner interest faciliating a cost effective approach to preservation of distressed LIHTC projects. (2011)

  10. Housing Resources of Western Colorado - $2,000,000

    This Organizational Pilot Loan was used to provide HRWC with the resources necessary to purchase vacant land for affordable housing development. (2009)

  11. Mutual Housing of Hawaii - $1,500,000

    Ko'oloa'ula Apartments

    Ko'oloa'ula is a proposed, 120-unit multifamily rental project offering 1-4 bedroom units primarily to households with 50%-60% AMGI. This interim development loan was used to cover the predevelopment costs associated with the property. (2010)

  12. Rural Ulster Preservation Corporation - $1,443,000

    Refinancing of construction loan for ten affordable for-sale town-homes at Buttermilk Falls condominium project. This allows RUPCO adequate time to work with potential home buyers and local banks to arrange suitable home mortgages.This is our first loan with Rural Ulster Preservation Corporation. (2011)

  13. HomePort - $580,000

    Rich Street Condos is a newly constructed 18 unit condo development consisting of 2-bedroom units targeted towards households with 80% AMGI. This interim development loan was used to take out a bank construction loan on the remaining 5 unsold units and provide repair funds for the units prior to them being offered for sale. (2010)

  14. Sacramento Mutual Housing Assoc - $1,190,000

    Mutual Housing at Spring Lake is a proposed 100-unit rental project consisting of 1, 2, 3, & 4 bedroom units for households between 30%-60% AMGI. This interim development loan was used to acquire the property. (2010)

  15. NeighborWorks Umpqua - $1,465,000

    Brookside Court is a 50-unit multifamily rental project offering a mix of one bedroom units and efficiency units to households at 30% AMGI. This interim development loan was used to acquire and preserve this expiring HUD senior property. (2010)

  16. HomePort - $500,000

    Whittier Landing is the development of 40 single family homes on scattered in-fill lots in Columbus, Ohio under a lease-to-own program, 20 will be newly constructed and 20 are being renovated. HomePort has been awarded Low Income Housing Tax Credits and will target households with incomes from 35% to 60% of Area Median Income. (2011)

  17. Community HousingWorks, Inc. - $200,000

    Florida Street (now known as KALOS) is a proposed 83-unit multifamily project with 1-3 bedroom units primarily for households at 60% AMGI. This loan was used to fund predevelopment expenses associated with the project. (2009)

  18. NeighborWorks New Horizons - $505,000

    Kirkham is a 15-unit rental property with both rehabbed and new construction units. This interim development loan was used to fund acquisition costs. (2003)

  19. West Elmwood Housing Development Corporation - $170,167

    Solar array on the Westfield Commons building.

    Westfield Commons is a 16 unit rental project with 4,000 sf of homeownership center and office space to West Elmwood Housing. This mini-perm loan financed acquisition and installation of 48 KW photovoltaic system for the offices and common areas of the rental project. (2010)

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  20. NeighborWorks Montana - $2,500,000

    This Organizational Pilot Loan was used to provide NeighborWorks Montana with a source of capital to on-lend for various affordable housing project loans. (2009)

  21. Charlotte Mecklenburg Housing Partnership, Inc. - $1,300,000

    This interim development loan was used to acquire several key parcels toalling 4+ acres on Kohler Avenue in the Double Oaks redevelopment area. Loan proceeds will be used for site and infrastructure improvements in preparation for the next phases of the for-sale and affordable rental projects. (2011)

  22. Beyond Housing, Inc. - $895,688

    Rendering of Pagedale Retail Development, Pagedale, MO

    Pagedale Retail is a commercial project that brought the first chain grocery store to this community in more than three decades. It is the complimentary phase to the Pagedale Senior Housing project which will be constructed on an adoining site. This interim development loan was used to cover land acquisition expenses associated with the property. (2009)

  23. Mountain Housing Opportunities, Inc. - $250,000

    Glen Rock is a 60-unit mixed use project consisting of multifamily rental and commercial space. This interim development loan was used to fund acquisition costs for the property. (2009)

  24. HomePort - $150,000

    Enclave at Hilliard Run is a proposed, 54-unit for sale project. The units, consisting of three bedrooms each, will be targeted primarily to households with 50%-80% AMGI. NC's loan was used to cover predevelopment expenses associated with acquiring the property. (2010)

  25. Rocky Mountain Mutual Housing Association - $500,000

    Belle Creek is a 156-unit rental project containing a mix of affordable housing units, primarily for households with 60% AMGI, and commercial space. This interim development loan was used to provide equity to the project. (2001)

  26. Housing Partnership of Northeast Florida - $630,000

    Forest Apartments is a 112-unit multifamily rental project for households at 50% AMGI. This interim development loan was used to fund acquisition costs related to the property. (2007)

  27. Cabrillo Economic Development Corporation - $200,000

    Paseo Santa Barbara is a proposed 90-unit mixed use project featuring multifamily rental units and commercial space. This loan was used to fund predevelopment expenses associated with the project. At completion Cabrillo renamed the project Rodney Fernandez Gardens in honor of its retiring and founding Executive Director. (2009)

  28. Cabrillo Economic Development Corporation - $200,000

    Los Angeles Apartments will include 24 general occupancy units at 50% area median income and remaining 25 units will be for farmworkers earning 30%-50% of AMI. Loan proceeds will be used to for architectural, engineering and site work. (2011)

  29. East Akron Neighborhood Development Corp - $150,000

    Village At New Seasons, Canton, OH

    Village at New Seasons is a 50-unit mixed use project consisting of senior housing multifamily rental and commercial space. This loan was used to fund predevelopment expenses associated with the project. (2008)

  30. Thistle Housing CDC - $200,000

    1000 Rosewood is a proposed 18-unit, new construction for sale project offering affordable housing in the form of 4-bedroom units. This loan was used to fund predevelopment costs associated with the project. (2010)

  31. Charlotte Mecklenburg Housing Partnership, Inc - $410,000

    Natalia Baum and Fred Dodson of Charlotte Mecklenburg Housing Partnership

    Live Oak Seniors is a 50-unit multifamily rental project, dedicated exclusively to the elderly, featuring one bedroom units. This loan was used to fund predevelopment expenses associated with the project. (2006)

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  32. Codman Square Neighborhood Development Corp. - $200,000

    The development of Phase I of Talbot Commons is a mixed-use new construction and renovation project including a 36-unit affordable cooperative housing project, 1,970 square feet of commercial space, 1,970 square feet of community space. It is located within one block of a newly re-opened and improved commuter rail station. This predevelopment loan will be used for design and engineering costs. (2011)

  33. The Impact! Group - $738,835

    Bradford Townhomes is a 96-unit rental project with 2-3 bedroom units primarily for households at 50% AMGI. This interim development loan was used to fund acquisition costs. (2004)

  34. Madison Park Development Corporation - $300,000

    Ruggles-Shawmut is a 43-unit affordable rental project providing housing to families at 30% AMGI. This loan was used to cover predevelopment costs. (2005)

  35. Concord Area Trust for Community Housing - $717,000

    Friedman Court is a 79-unit multifamily rental project with 1-3 bedroom units, including 25 units dedicated exclusively for senior housing. This interim development loan was used to fund acquisition costs. (2005)

  36. Charlotte Mecklenburg Housing Partnership, Inc - $200,000

    The Gables, Charlotte, NC

    Gables II is a 72-unit multifamily rental project featuring 1-2 bedroom units primarily for households at 60% AMGI. This loan was used to fund predevelopment expenses associated with the project. (2008)

  37. NeighborWorks Anchorage - $1,500,000

    Spruce View Apartments is an 82-unit rental rehabilitation project offering 2 & 3 bedroom units to households with 60% AMGI. This interim development loan was used for infrastructure repairs. (2010)

  38. Cabrillo Economic Development Corporation - $200,000

    Azahar Place is a proposed 60-unit multifamily rental project featuring 1-4 bedroom units for households at 60% AMGI. This loan was used to fund predevelopment expenses associated with the project. (2009)

  39. St. Mary Development Corporation - $1,841,500

    Deer Run Apartments is an 84 unit expiring use family LIHTC project located in Lawrenceburg, Indiana.This interim construction loan will cover the replacement of major building systems (roofs, siding, HVAC, windows, appliances, cabinets, flooring, and fixtures) to keep the property marketable into the future. NC provided $1.84 million in capital toward the $6.35 million construction loan, led by Community Housing Capital. This is the first loan with this borrower. (2011)

  40. Alamo Area Mutual Housing Association - $150,000

    Twin Oaks is a 150-unit multifamily rental project featuring 1-3 bedroom units for households earning up to 50% AMGI. This interim development loan was used to fund the property acquisition. (2001)

  41. Lawrence CommunityWorks - $511,500

    108 Newbury Street is planned to be a newly constructed 18 unit affordable rental project serving large low-income families with two- and three-bedroom apartments The proceeds of the loan were used to refinance the acquisition financing and cover a portion of design and financing expenses. (2011)

  42. NeighborWorks New Horizons - $300,000

    Canterbury Gardens is a 34-unit multifamily rental project offering 1-4 bedroom units to households within 50%-80% AMGI. This interim development loan was used to bridge organizational-based grants. (2009)

  43. PathStone - $300,000

    HOPN II is a five-unit for sale project for households between 50%-80% AMGI. This interim development loan was used to rehabilitate the properties in preparation for placing them on the market for sale. (2007)

  44. South County Housing Corp - $500,000

    Gilroy Cannery is a 210-unit project consisting primarily of multifamily rental units, with some single family rental units and commercial space. This loan was used to fund predevelopment expenses associated with the project. (2007)

  45. Lawrence CommunityWorks, Inc. - $200,000

    Duck Mill is a proposed 45-unit affordable housing project. This pre-development loan was used to fund pre-development expenses associated with redeveloping a 120,000 square-foot brick mill into affordable housing and commercial space. (2010)

  46. AHC Inc. - $150,000

    Woodbury North is a 215-unit project featuring a mix of for sale and rental affordable housing units. This loan was used to fund predevelopment costs associated with the project. (2003)

  47. East Akron Neighborhood Development Corp - $150,000

    Stephenson Pointe is a 30-unit single family rental project for families at 60% AMGI. This interim development loan was used for relocation expenses associated with the project. (2005)

  48. Central Vermont Community Land Trust - $300,000

    River Station Condos is an 18-unit for sale project. This interim development loan was used to fund acquisition costs. (2006)

  49. Madison Park Development Corporation - $1,200,000

    Madison Park III is a 120-unit, 19-building affordable housing rental project. This interim development bridge loan was used to purchase the limited partner interest of the partnership owning the project. The LP purchase was a critical step in refinancing and modernizing this affordable housing development. (2011)

  50. DHIC, Inc. - $130,000

    Highland Village is a 260-unit multifamily property consisting of both for-sale and rental units. This loan was used to fund predevelopment expenses associated with the project. (2002)

  51. Housing Resources of Columbia County, Inc. - $75,000

    Hudson Homestead is a 23-unit multifamily rental project with 2-3 bedroom units for households between 30%-50% AMGI. This interim development loan was used to fund acquisition costs. (2004)

  52. Neighborhood Development Services, Inc. - $180,000

    BLADES is an 11-unit single family affordable housing project for households with 50% AMGI. This interim development loan was used to fund costs related to acquiring the property. (2004)

  53. Codman Square Neighborhood Development Corp. - $150,000

    AB&W is a 24-unit mixed use project featuring both multi-family rental and commercial space. This loan was used to fund predevelopment expenses associated with the project. (2006)

  54. Montgomery Housing Partnership, Inc - $600,000

    Halpine Hamlet

    Halpine Hamlet is a 67-unit multifamily rental project consisting of 1-2 bedroom units primarily for households with 60% AMGI. This interim development loan was made in conjunction with Housing Partnership Network to provide funds for the acquisition of the property. (2009)

  55. Southwest Housing Solutions - $900,000

    5716 Michigan Avenue

    5716 Michigan Avenue is a historic renovation and adaptive re-use of a shoe factory into community health and counseling center. NC used its interim development loan product as a leverage loan to this New Markets Tax Credit financed project. The Co-Leverage Lenders with NC were Detroit LISC and Living Cities. (2010)

  56. Neighborhood of Affordable Housing, Inc. - $150,000

    Benfield Farms is a proposed 26-unit rental project that will offer 1-2 bedroom affordable housing units. This loan was used to fund pre-development expenses associated with the project. (2009)

  57. NHS of South Florida - $599,250

    This interim development loan was used to acquire and rehabilitate the commercial building where NHS of South Florida maintains its principal office. (2008)

  58. NeighborWorks Omaha - $300,000

    Beacon Place will be a newly constructed 40 unit apartment building will benefit low and moderate income residents of Council Bluffs, Iowa which is across the Missouri River from Omaha, Nebraska. This pre-development loan will cover architectural, engineering and survey costs. This is NC's first loan with NeighborWorks Omaha. (2011)

  59. Housing Partnership of Northeast Florida - $195,000

    Malibu Apartments

    Malibu Apartments is a 106-unit multifamily rental project for households with 50% AMGI. This interim development loan was used to fund acquisition costs related to the property. (2003)

  60. Sacramento Mutual Housing Assoc - $459,000

    Stockton Boulevard, Sacramento, CA

    Stockton Boulevard is a proposed, 91-unit rental project consisting of 1, 2, 3, &4 bedroom units for households between 30%-60% AMGI. This interim development loan was used to acquire the property. (2010)

  61. Community Works Rhode Island - $630,000

    Parkis Avenue is a proposed 14-unit property, offering a mixture of for-sale and rental units of affordable housing. This interim development loan was used to fund expenses associated with rehabilitation of the property. (2010)

  62. Nuestra Comunidad Development Corp - $1,180,000

    Bartlett Place is a proposed 220-unit multifamily rental and 92-unit single family for sale project catering primarily to households with 80% AMGI. This interim development loan was used to acquire the property. (2010)

  63. Willamette Neighborhood Housing Services, Inc. - $825,000

    Alexander Court is a 24-unit mixed use project consisting primarily of multifamily rental, with a few single family rental units and some commercial space, for households with 50% AMGI. This interim development loan was used to fund acquisition expenses for the project. (2007)

  64. DHIC, Inc. - $1,100,000

    Dacian Glen Apartments is a 65-unit multifamily rental project consisting of 1-3 bedroom units primarily for households at 60% AMGI. This interim development loan was used to fund acquisition costs associated with the project. (2006)

  65. NeighborWorks Columbus - $485,000

    Solstice Senior Housing is a 56-unit multi-family rental project consisting of three bedroom units for seniors at 50% AMGI. This interim development loan was used to fund costs related to acquisition of the property in Opelika, AL. (2009)

  66. Montgomery Housing Partnership, Inc - $1,500,000

    Parkview Towers is a 125-unit high rise rental property offering 1, 2, & 3 bedroom apartments. More than half of the units are targeted towards households below 60% AMGI. with lead lender Enterprise Community Loan Fund. NC participated in this loan along with Low Income Investment Fund and Partners For The Common Good. The combined total of $7 million in acquisition funds from these CDFIs were assembled for this preservation project. (2010)

  67. Community Resources and Housing Development Corp - $285,000

    San Luis Self-Help is a 24-unit single family self help project for households at 60% AMGI. This interim development loan was used to fund costs associated with site improvements. (2004)

  68. Gilman Housing Trust - $50,000

    Shattuck Hill is a 41 unit mobile home park owned Gilman Housing Trust. This interim loan financed replacement and other repairs of the water system. (2006)

  69. NeighborWorks Dakota Home Resources - $162,984

    Caledonia Condos is a 10-unit for sale project for households with 80% AMGI. This interim development loan was used to fund costs related to acquisition of the property. (2005)

  70. NeighborWorks New Horizons - $1,500,000

    Fair Haven Mutual is a proposed 44-unit rental project to consist of a combination of gut rehabilitation (25 units) and new construction (19 units). A portion of the units will be dedicated to permanent supportive housing for tenants who are at risk for homelessness. This interim development loan provided a bridge to construction financing in the form of takeout of Connecticut Housing Finance Agency acquisition loans. (2010)

  71. HomePort - $175,000

    Eastway Village is a 66 unit rental housing project that will consist of one-bedroom mid-rise apartments and two-bedroom cottage style ranch units for low- and very low-income seniors (55 and over). The loan will be used to pay for design and financing expenses. (2011)

  72. Community Housing Partners - $1,300,000

    Townhomes of Ashbrook is a 150-unit rental property with 1-3 bedroom units for households at 60% AMGI. This interim development loan was used to provide subordinate financing toward the acquisition and interim repairs of the property. (2006)

  73. Manchester Neighborhood Housing Services - $150,000

    Silver Mill

    Silver Mill is a 57-unit rental project with 1-4 bedroom units for households within 50%-60% AMGI. This loan was used to fund predevelopment expenses. (2005)

  74. Avesta Housing Development - $2,000,000

    NC provided and interim acquisition financing for the Butler Payson Apartments, a 56 unit senior property with an existing HAP contract in Portland, Maine. This $5.3 million acquisition loan was assembled by Community Housing Capital and closed within 60 days from application to meet the seller's deadline.This is NC's fist loan with Avesta Housing. (2011)

  75. Rural Communities Housing Development Corporation - $300,000

    Lakewood Homes is a 58-unit for sale project offering 3-4 bedroom units to households with 80% AMGI. This interim development loan was used to refinance existing debt service on the property. (2005)

  76. NeighborWorks New Horizons - $400,000

    Highwood Square

    Highwood Square is a 27-unit mixed use project consisting of 1-3 bedroom multifamily units and commercial space. This interim development loan was used to fund expenses related to acquisition of the property. (2006)

  77. Cabrillo Economic Development Corporation - $150,000

    Paseo Santa Clara Apartments is a 140-unit multifamily rental project consisting of efficiencies and 1-3 bedroom units for households at 80% AMGI. This loan was used to fund predevelopment expenses associated with the project. (2007)

  78. Neighborhood Development Services - $120,000

    Portage Housing III is a 30-unit rental project offering 3 bedroom units to households within 50%-60% AMGI. This interim development loan was used to acquire the property. (2003)

  79. South County Housing Corporation - $1,000,000

    This loan, provided in collaboration with several other CDFIs, provided cash flow to South County Housing. (2009)

  80. Housing Resources of Columbia County, Inc. - $75,000

    Millerton is a 22-unit multifamily rental property consisting of 1-3 bedroom units for households between 50%-80% AMGI. This loan was used to fund predevelopment expenses associated with the project. (2004)

  81. Nuestra Comunidad Development Corp - $956,000

    Quincy Commons is a mixed-use project consisting of 50 units of affordable rental housing and commercial space. This interim development loan was used to acquire the property. (2008)

  82. Alamo Area Mutual Housing Association - $709,033

    Thompson Place is a 268-unit multifamily rental project consisting of 1-3 bedroom units primarily for households at 50% AMGI. This interim development loan was used to fund acquisition costs. (2003)

  83. Mutual Housing Association of Southwestern Connecticut, Inc - $12,500,000

    Fairfield Commons is an affordable supportive housing rental development for previously homeless individuals and families consisting of 19 one, two and three-bedroom units. In order to construct an additional 12 units on the property and bring in HUD Section 811 funds NC provided a Mini-Perm loan until the borrower can raise other capital and grants. (2011)

  84. Charlotte Mecklenburg Housing Partnership, Inc - $250,000

    Westinghouse is a 96-unit rental project featuring 2-3 bedroom units primarily for households at 60% AMGI. This loan was used to fund predevelopment expenses associated with the project. (2009)

  85. HomePort - $452,795

    City View Homes, Columbus, OH

    City View Homes is a 35-unit multi-family rental project consisting of 2-3 bedroom units for households between 40%-50% AMGI. This interim development loan was used to fund costs related to acquisition. (2006)

  86. Community HousingWorks, Inc. - $410,000

    Pineview Apartments is a 101-unit multi-family rental project offering 1-3 bedroom units primarily to households at 80% AMGI. This interim development loan was used to fund acquisition costs related to the property. (2004)

  87. Rural Communities Housing Development Corporation - $500,000

    Orr Creek is a 71-unit rental project consisting of 1-4 bedroom units for households within 40%-60% AMGI. This interim development loan was used to fund initial construction costs for the project. (2008)

  88. NeighborWorks Blackstone River Valley - $820,000

    Gardening at The Meadows, Senior Housing, North Smithfield, RI

    The Meadows is an 80-unit HUD 202 rental project offering one bedroom units and onsite social services and transportation for low and moderate income seniors. This interim development loan, provided in participation with Community Housing Capital, was used to acquire the land for the project. (2003)

  89. Neighborhood Development Services, Inc. - $278,000

    The Village at Harvest Hills is a 40-unit rental project offering 2 bedroom units to households between 40%-60% AMGI. This interim development loan was used to refinance existing debt service on the property. (2004)

  90. Neighborhood of Affordable Housing - $300,000

    Sitowski School is a proposed 66-unit rental project designed to provide senior housing and a senior center to mixed-income tenants. This pre-development loan was used to fund initial expenses associated with converting the historic Sitowski School into rental apartments for senior housing. (2011)

  91. NeighborWorks Waco - $1,400,000

    This is a mini-perm loan to an existing NC borrower. Proceeds were used to refinance short-term acquisition loans for 20 of the 58 existing scattered site rental properties known as the PEARLS/PRIDE! to provide NW Waco liquidity to acquire additional homes. (2011)

  92. Cabrillo Economic Development Corporation - $1,200,000

    Paseo Santa Clara Apartments is a 140-unit multifamily rental project consisting of efficiencies and 1-3 bedroom units for households at 80% AMG in Oxnard, CAI. This interim development loan was used to fund predevelopment expenses associated with the project. (2007)

  93. AHC Inc. - $250,000

    Barclay-Greenmount is a 139-unit multifamily rental project consisting of 1-4 bedroom units for households at 60% AMGI. This loan was used to fund predevelopment expenses associated with the project. (2006)

  94. United Housing, Inc. - $803,723

    Wolf River Bluffs is a planned 34-unit, new construction for-sale project offering 2 and 3 bedroom single family homes to households at 80% AMGI. This interim development loan was used to acquire the property. (2010)

  95. NeighborWorks Waco - $600,000

    This interim development loan was used to perform site improvements to the commercial property where NeighborWorks Waco's headquarters. (2009)

  96. Montgomery Housing Partnership, Inc - $1,100,000

    Montgomery Housing Partnership, Inc

    Takoma Park Preservation is a 63-unit affordable housing rental project for households with 60% AMGI. This interim development loan was used to fund costs associated with acquiring the property. NC's lending partner through a loan participation was National Housing Trust. (2006)

  97. Community Ventures Corp - $260,000

    Third Street Exchange is an adaptive reuse to create a business incubator for 5 offices and a public market with 15 spaces. This interim loan bridged financing between the construction and permanent financing stage of the project. (2005)

NeighborWorks Capital News

NC increases loan sizes

Knowing that NeighborWorks network members are planning for a busy 2012 NeighborWorks Capital announces that it has

475,000

square feet of commercial, office, retail and community space

210

Loans closed in past 11 years

70

NeighborWorks network customers 

1 of 6

units built or preserved in past 11 years was facilitated by a NeighborWorks Capital loan

1,325

affordable for-sale homes

26

repeat NeighborWorks customers since 2008

$78 million

of capital provided

51%

of NeighborWorks affiliates in the real estate development line of business are NeighborWorks Capital borrowers

$1.4 billion

in construction and permanent financing leveraged

19:1

Leverage of NC's loan to Total Development Costs

7,900

affordable rental homes

85%

of rental apartments served residents earning 80% or less of Area Median Income

30

new NeighborWorks customers since 2008

26

customers serving rural communities

CARS A member of the Opportunity Finance Network