NeighborWorks Capital funded a $3,049,000 construction loan with DevNW (formerly known as Willamette Neighborhood Housing Services) in December. This loan will assist DevNW with the construction of 18 homes in Oregon. This rural single-family for-sale land trust project consists of scattered sites, 6 in Cottage Grove and 12 in Florence. The trust (land, infrastructure, etc.) is funded with a silent loan from Oregon Housing and Community Services and the NWC loan will assist with the buildings themselves. Each home will be sold to a low-income family, at or below 80% AMI.
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.