NeighborWorks Capital recently closed a $1,400,000 construction line of credit to Fifth Ward Community Redevelopment Corporation to support their new home development activities in Houston, TX. Fifth Ward will use our loan to build new homes, often in partnership with the Houston Land Bank and the Houston Land Trust, to ensure long-term affordability for low and moderate-income buyers. Fifth Ward expects to build and sell 28 homes over the next three years, ramping back up to their historic levels of production.
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.