New partners making an impact

Share on facebook
Share on linkedin
Share on twitter
Share on email

Share This Post

NeighborWorks Capital recently closed a $1,224,000 and acquisition with REACH CDC to purchase a 4.4 acre development site in Cornelius, OR. With their co-developer Bienestar Oregon, REACH will build 113 new affordable apartments for low-income families using LIHTC equity, tax-exempt bonds, and a $12.8 million loan from Washington County. When construction is complete REACH will turn over ownership to Bienestar Oregon, a leading nonprofit developer, especially supporting Latinx and immigrants in Washington County and the suburbs west of Portland.

Subscribe To Our Newsletter

Stay up to date with NeighborWorks Capital

More To Explore