NeighborWorks Capital closed a $1,500,000 predevelopment line of credit loan with RUPCO in December 2018. Our loan will give RUPCO additional funds that will be utilized for several projects currently in their pipeline in the Hudson Valley. These projects include Energy Square (under construction), three residential projects, and The Metro, a commercial revitalization to begin construction in 2019 or early 2020.
Applications for our Stabilization Loans program have begun. This program features funds for