NeighborWorks Capital funded a $13,395,000 construction loan with Thistle Communities in December. This loan will assist Thistle with the construction of Velo Condominiums Phase I which will include 40 residential condominiums. Six of the forty will be subject to the restrictions of the City of Boulder Permanently Affordable For-Sale Interim Covenant. The development of the site will occur in two phases for a total of 70 residential condominiums. A portion of this construction loan will pay for the infrastructure development costs associated with the Phase II property.
NeighborWorks Capital and National Equity Fund Announce LIHTC Equity Fund to Empower Partner Organizations
The innovative fund, exclusive to members of the NeighborWorks America network, will provide LIHTC equity with equitable, consistent terms, helping create and preserve more affordable housing across the country.