DreamKey Partners closed on a $2,750,000 bridge loan for Johnston Oehler Seniors, an affordable senior housing community to be built in Charlotte, NC. The loan from NeighborWorks Capital will bridge grant funding from Mecklenburg County during the construction period. Johnston Oehler Seniors will provide 140 affordable rental units for seniors in Charlotte, NC between 30-80% AMI. NeighborWorks Capital also provided $500,000 of predevelopment financing to support early-stage costs of the project.
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.