Enterprise Loan | Community Action Program of Northern Alabama

Share This Post

Community Action Program of North Alabama (CAPNA) recently renewed an $800,000 enterprise loan with NeighborWorks Capital. As a Community Action Program (CAP) agency, CAPNA provides a variety of services to the community. In addition to affordable housing and homeownership services, CAPNA also provides early childhood programs, Meals on Wheels, and programs for seniors in the community. The enterprise loan from NeighborWorks Capital supports CAPNA’s work in many ways. The funding increases the organization’s liquidity, making it easier for CAPNA to apply for tax credits. It covers the significant cost of LIHTC application fees and allows CAPNA to pursue more development opportunities. CAPNA is also able to use the loan to raise CDBG Home Funds to build single family homes in Montgomery, AL.

Learn more about NeighborWorks Capital’s competitively priced, fixed-rate loan capital that is available to members of the NeighborWorks network. Visit our lending solutions page for more information. 

Subscribe To Our Newsletter

Stay up to date with NeighborWorks Capital

More To Explore

Chief of Consulting

The Chief of Consulting (CC) is a member of the senior management team and has overall responsibility for the startup and buildout of a consulting business focused on the affordable housing and community development industry. The CC will need to be an entrepreneur at heart but also be able to work as part of a team. The CC is a critical strategic partner for the Chief Executive Officer (CEO) and will report directly to the CEO.

Read More »

Huntington Square | A Community of Friends

A Community of Friends (ACOF) is one of the largest affordable housing developers in Los Angeles County. In 2015, the organization partnered with NeighborWorks Capital to secure a $2,000,000 acquisition loan to acquire land to construct Huntington Square, a mixed-use development with affordable apartments and commercial space in Huntington Park, CA.

Read More »