In 2010 NeighborWorks Capital’s Board of Directors approved a three-year Business Plan to guide the organization in a changed real estate market. Two key goals from the plan included increasing its lending impact by more than 85% over 2009 and increase our customer base by 25%. In our first two years of the plan we have increased our lending impact by 50%! To meet these goals we are in continous dialogue with NWOs and NeighborWorks America. NC sees increased demand for our predevelopment, acquisition and new mini-perm loan products due to our flexibility, creativity and affordability.

In 2011 NeighborWorks® Capital committed or closed 19 loans totaling $16.1 million - leveraging $277 million in construction or permanent financing (a 17:1 leverage factor) in neighborhoods across the country. These loans will construct or preserve:

• 1,165 units of affordable for-sale or rental housing
• 45,000 square feet of office, retail or community space

Please read more about each of the projects that NeighborWorks Capital supported in our 2010 Loan Report. You can also view the loans we’ve made here.