NeighborWorks Capital funded a $1,200,000 predevelopment loan with Community HousingWorks (CHW) in December. This loan will assist CHW with the costs associated with the development of Las Haciendas. The Las Haciendas development will be two 3-story buildings to house 77 apartments (including one manager unit) for low-income families as well as a one-story, 2,300-square foot community center. The building will be built with sustainability features to reduce its impact on the environment and reduce long-term operating costs.
Ashtabula Homes II
Fifteen years after utilizing low-income housing tax credits (LIHTC) to build Ashtabula Homes II, 40 single-family homes in northeast Ohio, Neighborhood Development Services (NDS) was faced with a challenge.
