Corporate financing allows projects to move forward during COVID-19

Share This Post

NeighborWorks Capital funded a $350,000 stabilization loan with Codman Square Neighborhood Development Corporation (Codman Square) in August 2020. This loan will provide Codman Square with the ability to stabilize their corporate cash flow from development fees which were impacted by delays in new development activities. Codman Square currently has three projects in their pipeline in different development stages (under construction, awaiting stabilizations, and predevelopment) that have been affected.  These delays were caused by the COVID-19 Stay at Home order in Massachusetts and the City of Boston’s order to stop all construction activity in March 2020.  

Subscribe To Our Newsletter

Stay up to date with NeighborWorks Capital

More To Explore

NeighborWorks Capital Partners with Climate United to Build National CDFI Channel for Greenhouse Gas Reduction Fund Multifamily Lending

We are thrilled that Climate United has been selected to receive nearly $7 billion of funding from the EPA’s Greenhouse Gas Reduction Fund (GGRF). NeighborWorks Capital is proud to partner with Climate United to build a national CDFI channel for GGRF multifamily lending and to engage in market building to ensure funds reach underserved communities.

Read More »