Predevelopment Line of Credit assists with LIHTC projects
NeighborWorks Capital funded a $1,700,000 predevelopment line of credit loan with St. Mary Development Corporation (St. Mary) in December 2020. This loan will be used for
NeighborWorks Capital funded a $1,700,000 predevelopment line of credit loan with St. Mary Development Corporation (St. Mary) in December 2020. This loan will be used for
NeighborWorks Capital funded a $1,000,000 predevelopment loan with Charlotte-Mecklenburg Housing Partnership, Incorporated (CMHP) in December 2020. The predevelopment loan will assist with the construction of two
To provide much-needed affordable housing to seniors in rural Ovid, NY, NeighborWorks Capital provided a $2.4 million acquisition loan and $424,000 unsecured predevelopment loan to
NeighborWorks Capital funded a $1,000,000 predevelopment loan with Mutual Housing California (MHCA) in April 2020. This predevelopment loan will provide additional support for three projects that
NeighborWorks Capital funded a $424,000 predevelopment loan with Ithaca Neighborhood Housing Services, Inc. (INHS) in March 2020. This predevelopment loan provided them with additional funds to
NeighborWorks Capital funded a $500,000 enterprise loan with Avenue Community Development Corporation in March 2020. The loan provided them with additional funds to support their
NeighborWorks Capital funded a $500,000 predevelopment loan with Nuestra Comunidad Development Corporation in March. This predevelopment loan provided them with additional funds to support the rehabilitation
NeighborWorks Capital funded a $500,000 predevelopment loan with Codman Square Neighborhood Development Corporation (Codman Square) in February. This predevelopment loan, coupled with the $685,000 acquisition
As we embark on a new decade—and our 20th anniversary year—we remain inspired by the important work being done by NeighborWorks organizations to create affordable homes
NeighborWorks Capital closed a $400,000 predevelopment loan with Arbor Housing and Development in December 2019. This loan will help finance the predevelopment costs for the St.