A new California financing program to support new construction with tax exempt bonds and 4% LIHTC (“super credits”) offers new opportunities for affordable developers like
NeighborWorks Capital closed a $1,467,000 permanent loan with Community Action Partnership of North Alabama, Inc. (CAPNA) in May 2020. Our loan assisted CAPNA with purchasing their
NeighborWorks Capital purchased a $360,000 participation in a permanent loan with National Council on Agricultural Life and Labor Research Fund, Inc (NCALL) for Gaudenzia Foundation
NeighborWorks Capital closed an acquisition loan with Peoples’ Self-Help Housing Corporation (PSHH) in April 2020. This loan will finance the acquisition of approximately 10 acres of
NeighborWorks Capital closed a predevelopment loan with Peoples’ Self-Help Housing Corporation (PSHH) in April 2020. This loan will assist with the acquisition of approximately 10 acres
The rapid changes that all of our organizations are facing are causing a great deal of financial stress. Federal interventions like the SBA Paycheck Protection
NewHeight Redfern is under contract to purchase and redevelop Mercy Hospital, currently a functioning hospital and a major institutional anchor in Portland, Maine. The mixed-use
To provide much-needed affordable housing to seniors in rural Ovid, NY, NeighborWorks Capital provided a $2.4 million acquisition loan and $424,000 unsecured predevelopment loan to
NeighborWorks Capital funded a $1,000,000 predevelopment loan with Mutual Housing California (MHCA) in April 2020. This predevelopment loan will provide additional support for three projects that
