NeighborWorks Capital

Our mission is to provide flexible loan products to NeighborWorks Organizations that are creating and preserving affordable rental and for-sale housing, and commercial projects that result in stabilization and reinvestment in low income communities across the country.

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  1. Park Terrace I
  2. Cypress Cove
  3. Sankofa Apartments
  4. Las Abuelitas
  5. Catawba Senior Housing
  6. Cimarron Apartments
  7. McKay Apartments
  8. Tallcorn Towers Apartments
  9. Duxberry Landing
  10. Los Angeles Apartments
  11. Whittier Landing
  12. Kohler Avenue
  13. Pearls Pride
  14. Fairfield Commons
  15. Butler Payson Senior Housing
  16. Beacon Place
  17. Deer Run Apartments
  18. Buttermilk Falls Townhomes
  19. 108 Newbury Street
  20. Talbot Commons
  21. Arden Street
  22. Eastway Village Homes
  23. Paseo de Luz
  24. Gables II
  25. Whittier Landing
  26. Benfield Farms
  27. 1000 Rosewood
  28. Barclay-Greenmount
  29. Woodbury North
  30. Thompson Place & Kings Point
  31. Pagedale Retail
  32. Azahar Place
  33. Paseo Santa Barbara
  34. Paseo Santa Clara
  35. River Station Condos
  36. Westinghouse
  37. AB&W Bldg.
  38. San Luis Self-Help
  39. Enclave at Hilliard Run Homes
  40. Rich Street Condos
  41. City View Homes
  42. Townhomes of Ashbrook
  43. Pineview Apartments
  44. Florida Street - KALOS
  45. 3rd Street Exchange
  46. Parkis Avenue West
  47. Friedman Court
  48. Sunset Corners
  49. Dacian Glen Apartments
  50. Madison Glen
  51. Highland Village
  52. Stephenson Pointe
  53. Shattuck Hill
  54. Forest Apts.
  55. Hudson Homestead
  56. Millerton
  57. Duck Mill
  58. Madison Park III
  59. Ruggles-Shawmut
  60. Hill Housing
  61. Takoma Park Preservation
  62. Parkview Towers
  63. Zion Square
  64. BLADES
  65. Village of Harvest Hills
  66. Franklin Avenue Bldg.
  67. Fair Haven Mutual Housing
  68. Canterbury Gardens
  69. Kirkham
  70. Quincy Commons
  71. Bartlett Place
  72. Portage Housing III
  73. Lakewood Homes
  74. Stockton Boulevard
  75. Gilroy Cannery
  76. Glen Rock
  77. Montana OLP
  78. NHS of South Florida Headquarters
  79. Belle Creek , Phase 1
  80. Orr Creek
  81. Pagedale Senior
  82. Twin Oaks
  83. Bradford Townhomes
  84. HRWC OLP
  85. Silver Mill (Renaissance 8)
  86. Ko'oloa'ula Phase 1
  87. Caledonia Condos
  88. Spruce View Apartments
  89. Highwood Square
  90. HOPN II - Newburgh Hts.
  91. Mutual Housing at Spring Lake
  92. Connell Apartments
  93. 5716 Michigan Avenue
  94. Fairway Oaks
  95. Westfield Commons
  96. Alexander Court
  97. Live Oak Seniors
  98. Solstice Senior Housing
  99. Village at New Seasons
  100. Malibu Apartments
  101. Halpine Hamlet
  102. Wilton Commons II
  103. Sitkowski School
  104. Brookside Court
  105. Wolf River Bluffs
  106. The Meadows

  1. Mutual Housing Association of Southwestern Connecticut, Inc - $1,250,000

    Fairfield Commons is an affordable supportive housing rental development for previously homeless individuals and families consisting of 19 one, two and three-bedroom units. In order to construct an additional 12 units on the property and bring in HUD Section 811 funds NC provided a Mini-Perm loan until the borrower can raise other capital and grants. (2011)

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  2. Codman Square Neighborhood Development Corp. - $200,000

    Codman Square NDC used a predevelopment loan to begin architectural and zoning activity. This 36-unit affordable housing project will be a mix of rehab and new construction, contributing to the transformation of an assortment of vacant lots and aging commercial & industrial buildings into a vibrant residential neighborhood, close to shops, jobs, and transit. (2011)

  3. Mutual Housing Association of Greater Hartford - $125,000

    Mutual Housing Association of Greater Hartford (MHAGH) secured a $125,000 predevelopment loan from NeighborWorks Capital, making possible the preservation of 42 units of affordable housing at Park Terrace Apartments. Renovations focusing on improving the energy efficiency of this historic building will enable Park Terrace’s low income residents to spend significantly less on utilities, while preserving the historic character of the structure. (2013)

  4. The Impact! Group - $738,835

    Bradford Townhomes is a 96-unit rental project with 2-3 bedroom units primarily for households at 50% AMGI. This interim development loan was used to fund acquisition costs. (2004)

  5. Codman Square Neighborhood Development Corp. - $150,000

    AB&W is a 24-unit mixed use project featuring both multi-family rental and commercial space. This loan was used to fund predevelopment expenses associated with the project. (2006)

  6. East Akron Neighborhood Development Corp - $150,000

    Village At New Seasons, Canton, OH

    Village at New Seasons is a 50-unit mixed use project consisting of senior housing multifamily rental and commercial space. This loan was used to fund predevelopment expenses associated with the project. (2008)

  7. West Elmwood Housing Development Corporation - $350,000

    Sankofa Apartments is a proposed 50-unit new construction LIHTC project to be located in Providence, Rhode Island. The project will also include the construction of a community building that will house the management office, a community room, and support an urban agricultural component. This predevelopment loan funded expenses associated with applying for the LIHTC financing. (2012)

  8. Housing Resources of Columbia County, Inc. - $75,000

    Hudson Homestead is a 23-unit multifamily rental project with 2-3 bedroom units for households between 30%-50% AMGI. This interim development loan was used to fund acquisition costs. (2004)

  9. Cabrillo Economic Development Corporation - $200,000

    Paseo Santa Barbara is a proposed 90-unit mixed use project featuring multifamily rental units and commercial space. This loan was used to fund predevelopment expenses associated with the project. At completion Cabrillo renamed the project Rodney Fernandez Gardens in honor of its retiring and founding Executive Director. (2009)

  10. CommonBond Communities - $720,000

    NC provided both predevelopment and bridge loans to assist in the conversion of this historic hotel in Mrshalltown, Iowa into a mixture of 49 affordable rental housing units and commercial retail spaces. This is NC's first financing with CommonBond, a large upper Midwest district member of the NeighborWorks network. Nc's predevelopment loan provided critically needed working capital to move the project to financial closing; and the NC bridge loan enables the project to proceed with construction while awaiting the final allocation of State of Iowa historic tax credits. (2012)

  11. Mountain Housing Opportunities, Inc. - $250,000

    Glen Rock is a 60-unit mixed use project consisting of multifamily rental and commercial space. This interim development loan was used to fund acquisition costs for the property. (2009)

  12. South County Housing Corporation - $1,000,000

    This loan, provided in collaboration with several other CDFIs, provided cash flow to South County Housing. (2009)

  13. NeighborWorks New Horizons - $400,000

    Highwood Square

    Highwood Square is a 27-unit mixed use project consisting of 1-3 bedroom multifamily units and commercial space. This interim development loan was used to fund expenses related to acquisition of the property. (2006)

  14. HomePort - $200,000

    HomePort used a Predevelopment Loan to cover third party fees and other up-front costs for this 35 unit scattered site, single-family, LIHTC project with a lease to purchase option development (units rented for 15 years then offered to the residents for purchase) for low-income households earning less than 60% AMI. (2011)

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  15. Thistle Housing CDC - $200,000

    1000 Rosewood is a proposed 18-unit, new construction for sale project offering affordable housing in the form of 4-bedroom units. This loan was used to fund predevelopment costs associated with the project. (2010)

  16. Beyond Housing, Inc. - $646,000

    Pagedale Senior Apartments

    Pagedale Senior Housing is a 56-unit multifamily rental project consisting of 2 bedroom units for households at 50% AMGI. This interim development loan was used to fund land acquisition costs associated with the project. (2009)

  17. Nuestra Comunidad Development Corp - $1,550,000

    Bartlett Place is a multi-phase development consisting of 220 units of newly-constructed affordable rental housing and 92-units of single family for-sale housing catering primarily to households with 80% AMI. This subordinate interim loan was used to acquire the property and begin environmental and design work on the first phase of rental housing. (2010)

  18. Manchester Neighborhood Housing Services - $150,000

    Silver Mill

    Silver Mill is a 57-unit rental project with 1-4 bedroom units for households within 50%-60% AMGI. This loan was used to fund predevelopment expenses. (2005)

  19. Avesta Housing Development - $2,000,000

    NC provided and interim acquisition financing for the Butler Payson Apartments, a 56 unit senior property with an existing HAP contract in Portland, Maine. This $5.3 million acquisition loan was assembled by Community Housing Capital and closed within 60 days from application to meet the seller's deadline.This is NC's fist loan with Avesta Housing. (2011)

  20. Mutual Housing Association of Greater Hartford, Inc. - $150,000

    Zion Square is a 24-unit rental project offering 3 bedroom units to households within 40%-50% AMGI. This loan was used to fund pre-development costs associated with the project. (2004)

  21. HomePort - $150,000

    Enclave at Hilliard Run is a proposed, 54-unit for sale project. The units, consisting of three bedrooms each, will be targeted primarily to households with 50%-80% AMGI. NC's loan was used to cover predevelopment expenses associated with acquiring the property. (2010)

  22. HomePort - $452,795

    City View Homes, Columbus, OH

    City View Homes is a 35-unit multi-family rental project consisting of 2-3 bedroom units for households between 40%-50% AMGI. This interim development loan was used to fund costs related to acquisition. (2006)

  23. Cabrillo Economic Development Corporation - $200,000

    Azahar Place is a proposed 60-unit multifamily rental project featuring 1-4 bedroom units for households at 60% AMGI. This loan was used to fund predevelopment expenses associated with the project. (2009)

  24. NeighborWorks Umpqua - $1,465,000

    Brookside Court is a 50-unit multifamily rental project offering a mix of one bedroom units and efficiency units to households at 30% AMGI. This interim development loan was used to acquire and preserve this expiring HUD senior property. (2010)

  25. Neighborhood Development Services, Inc. - $278,000

    The Village at Harvest Hills is a 40-unit rental project offering 2 bedroom units to households between 40%-60% AMGI. This interim development loan was used to refinance existing debt service on the property. (2004)

  26. Charlotte Mecklenburg Housing Partnership, Inc. - $1,300,000

    This interim development loan was used to acquire several key parcels toalling 4+ acres on Kohler Avenue in the Double Oaks redevelopment area. Loan proceeds will be used for site and infrastructure improvements in preparation for the next phases of the for-sale and affordable rental projects. (2011)

  27. NeighborWorks Anchorage - $1,500,000

    Spruce View Apartments is an 82-unit rental rehabilitation project offering 2 & 3 bedroom units to households with 60% AMGI. This interim development loan was used for infrastructure repairs. (2010)

  28. HomePort - $200,000

    Whittier Landing is a proposed 40-unit rental property with 3-4 bedroom units for households between 40%-60% AMGI. This loan was used to fund predevelopment expenses associated with the project. (2009)

  29. Rural Ulster Preservation Corporation - $1,443,000

    RUPCO used an NC Interim Development loan to refinance a construction loan that had matured to give RUPCO time to sell 15 newly constructed townhomes that came on line precisely when home mortgage credit and housing markets collapsed. These homes are ENERGY STAR® homes, built for superior energy performance, health and safety and are being sold to income qualified individuals at 80% to 100% of AMI. (2011)

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  30. Lawrence CommunityWorks, Inc. - $200,000

    Duck Mill is a proposed 45-unit affordable housing project. This pre-development loan was used to fund pre-development expenses associated with redeveloping a 120,000 square-foot brick mill into affordable housing and commercial space. (2010)

  31. NeighborWorks Columbus - $485,000

    Solstice Senior Housing is a 56-unit multi-family rental project consisting of three bedroom units for seniors at 50% AMGI. This interim development loan was used to fund acquisition of the property in Opelika, AL. (2009)

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  32. Housing Partnership of Northeast Florida - $195,000

    Malibu Apartments

    Malibu Apartments is a 106-unit multifamily rental project for households with 50% AMGI. This interim development loan was used to fund acquisition costs related to the property. (2003)

  33. Neighborhood of Affordable Housing - $300,000

    Sitowski School is a proposed 66-unit rental project designed to provide senior housing and a senior center to mixed-income tenants. This pre-development loan was used to fund initial expenses associated with converting the historic Sitowski School into rental apartments for senior housing. (2011)

  34. Mutual Housing of Hawaii - $1,500,000

    Ko'oloa'ula Apartments

    Ko'oloa'ula is a proposed, 120-unit multifamily rental project offering 1-4 bedroom units primarily to households with 50%-60% AMGI. This interim development loan was used to cover the predevelopment costs associated with the property. (2010)

  35. Neighborhood Development Services - $120,000

    Portage Housing III is a 30-unit rental project offering 3 bedroom units to households within 50%-60% AMGI. This interim development loan was used to acquire the property. (2003)

  36. Cabrillo Economic Development Corporation - $1,200,000

    Paseo Santa Clara Apartments is a 140-unit multifamily rental project consisting of efficiencies and 1-3 bedroom units for households at 80% AMGI in Oxnard, CA. This interim development loan was used to fund predevelopment expenses associated with the project. (2007)

  37. Charlotte Mecklenburg Housing Partnership, Inc - $410,000

    Natalia Baum and Fred Dodson of Charlotte Mecklenburg Housing Partnership

    Live Oak Seniors is a 50-unit multifamily rental project, dedicated exclusively to the elderly, featuring one bedroom units. This loan was used to fund predevelopment expenses associated with the project. (2006)

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  38. HomePort - $580,000

    Rich Street Condos is a newly constructed 18 unit condo development consisting of 2-bedroom units targeted towards households with 80% AMGI. This interim development loan was used to take out a bank construction loan on the remaining 5 unsold units and provide repair funds for the units prior to them being offered for sale. (2010)

  39. Cabrillo Economic Development Corporation - $605,000

    Paseo De Luz is a 25-unit supportive rental project consisting of one bedroom units for households at 30% AMGI for people with mential illness. This loan was used to bridge final construction draws while awaiting final cost certification of the project. (2012)

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  40. Charlotte Mecklenburg Housing Partnership, Inc - $250,000

    Westinghouse is a 96-unit rental project featuring 2-3 bedroom units primarily for households at 60% AMGI. This loan was used to fund predevelopment expenses associated with the project. (2009)

  41. Rural Communities Housing Development Corporation - $500,000

    Orr Creek is a 71-unit rental project consisting of 1-4 bedroom units for households within 40%-60% AMGI. This interim development loan was used to fund initial construction costs for the project. (2008)

  42. Charlotte Mecklenburg Housing Partnership, Inc - $200,000

    The Gables, Charlotte, NC

    Gables II is a 72-unit multifamily rental project featuring 1-2 bedroom units primarily for households at 60% AMGI. This loan was used to fund predevelopment expenses associated with the project. (2008)

  43. NeighborWorks Waco - $1,400,000

    NeighborWorks Waco used a mini-permanent NC loan to refinance short-term acquisition loans for 20 of the 58 existing scattered site rental properties known as the PEARLS/PRIDE!. The NC loan provided NW Waco with liquidity to acquire additional homes. (2011)

  44. Alamo Area Mutual Housing Association - $150,000

    Twin Oaks is a 150-unit multifamily rental project featuring 1-3 bedroom units for households earning up to 50% AMGI. This interim development loan was used to fund the property acquisition. (2001)

  45. West Elmwood Housing Development Corporation - $170,167

    Solar array on the Westfield Commons building.

    West Elmwood used a Mini-Perm Energy loan to purchase and install a solar array as part of a mixed-use office and affordable housing development. It is expected to provide at least 80% of the electrical needs of the common area of the housing complex and WEHDC’s office, helping reduce operating costs and minimizing the risk of severe energy cost spikes. Savings will provide resources for programmatic activities. (2010)

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  46. PathStone - $300,000

    HOPN II is a five-unit for sale project for households between 50%-80% AMGI. This interim development loan was used to rehabilitate the properties in preparation for placing them on the market for sale. (2007)

  47. Gilman Housing Trust - $50,000

    Shattuck Hill is a 41 unit mobile home park owned Gilman Housing Trust. This interim loan financed replacement and other repairs of the water system. (2006)

  48. Alamo Area Mutual Housing Association - $7,500,000

    NC provided a $7,500,000 Interim Acquistion Loan to Alamo Area Mutual Housing Association (AAMHA) to acquire the Cimarron Apartments, a 140-unit multifamily property in Universal City, Texas that was being sold by a private owner. NC was able to provide flexible terms to assure AAHMA could close within 90 days, provide some minor repairs and incorporate resident porgrams while assembling permanent pinancing. This loan was done in participation with Enterprise Community Loan Fund and Community Housing Capital. This is NC's fifth loan with this borrower. (2012)

  49. Community Works Rhode Island - $630,000

    Parkis Avenue is a proposed 14-unit property, offering a mixture of for-sale and rental units of affordable housing. This interim development loan was used to fund expenses associated with rehabilitation of the property. (2010)

  50. Community HousingWorks, Inc. - $410,000

    Pineview Apartments is a 101-unit multi-family rental project offering 1-3 bedroom units primarily to households at 80% AMGI. This interim development loan was used to fund acquisition costs related to the property. (2004)

  51. Housing Partnership of Northeast Florida - $630,000

    Forest Apartments is a 112-unit multifamily rental project for households at 50% AMGI. This interim development loan was used to fund acquisition costs related to the property. (2007)

  52. NeighborWorks New Horizons - $300,000

    Canterbury Gardens is a 34-unit multifamily rental project offering 1-4 bedroom units to households within 50%-80% AMGI. This interim development loan was used to bridge organizational-based grants. (2009)

  53. Cabrillo Economic Development Corporation - $200,000

    Los Angeles Apartments will include 24 general occupancy units at 50% area median income and remaining 25 units will be for farmworkers earning 30%-50% of AMI. Loan proceeds will be used to for architectural, engineering and site work. (2011)

  54. Willamette Neighborhood Housing Services - $645,300

    Sunset Corners is a 6-unit rental project with 2-3 bedroom units for households at 60% AMGI. This interim development loan was used to fund acquisition costs associated with the project. (2006)

  55. NeighborWorks Montana - $2,500,000

    This Organizational Pilot Loan was used to provide NeighborWorks Montana with a source of capital to on-lend for various affordable housing project loans. (2009)

  56. Community Housing Partners - $1,300,000

    Townhomes of Ashbrook is a 150-unit rental property with 1-3 bedroom units for households at 60% AMGI. This interim development loan was used to provide subordinate financing toward the acquisition and interim repairs of the property. (2006)

  57. HomePort - $175,000

    Eastway Village is a 66 unit rental housing project that will consist of one-bedroom mid-rise apartments and two-bedroom cottage style ranch units for low- and very low-income seniors (55 and over). The loan will be used to pay for design and financing expenses. (2011)

  58. Southwest Housing Solutions - $900,000

    5716 Michigan Avenue

    5716 Michigan Avenue is a historic renovation and adaptive re-use of a shoe factory into community health and counseling center. NC used its interim development loan product as a leverage loan to this New Markets Tax Credit financed project. The Co-Leverage Lenders with NC were Detroit LISC and Living Cities. (2010)

  59. Housing Resources of Columbia County, Inc. - $75,000

    Millerton is a 22-unit multifamily rental property consisting of 1-3 bedroom units for households between 50%-80% AMGI. This loan was used to fund predevelopment expenses associated with the project. (2004)

  60. Madison Park Development Corporation - $300,000

    Ruggles-Shawmut is a 43-unit affordable rental project providing housing to families at 30% AMGI. This loan was used to cover predevelopment costs. (2005)

  61. Thistle Housing CDC - $500,000

    Fairway Oaks is a 74-unit multifamily rental project consisting of one and two bedroom units for households with 50% AMGI. This interim development loan was used to bridge an insurance claim to expedite the restoration of one building after the project suffered fire and smoke damage. (2010)

  62. AHC Inc. - $250,000

    Barclay-Greenmount is a 139-unit multifamily rental project consisting of 1-4 bedroom units for households at 60% AMGI. This loan was used to fund predevelopment expenses associated with the project. (2006)

  63. NeighborWorks New Horizons - $505,000

    Kirkham is a 15-unit rental property with both rehabbed and new construction units. This interim development loan was used to fund acquisition costs. (2003)

  64. Madison Park Development Corporation - $1,200,000

    Madison Park III is a 120-unit, 19-building affordable housing rental project. This interim development bridge loan was used to purchase the limited partner interest of the partnership owning the project. The LP purchase was a critical step in refinancing and modernizing this affordable housing development. (2011)

  65. Concord Area Trust for Community Housing - $717,000

    Friedman Court is a 79-unit multifamily rental project with 1-3 bedroom units, including 25 units dedicated exclusively for senior housing. This interim development loan was used to fund acquisition costs. (2005)

  66. Rocky Mountain Mutual Housing Association - $500,000

    Belle Creek is a 156-unit rental project containing a mix of affordable housing units, primarily for households with 60% AMGI, and commercial space. This interim development loan was used to provide equity to the project. (2001)

  67. Sacramento Mutual Housing Assoc - $459,000

    Stockton Boulevard, Sacramento, CA

    Stockton Boulevard is a 91-unit, new construction, affordable rental townhouse project for households between 30%-60% AMI. This interim development loan was used to acquire the property from a distressed private developer (2010)

  68. Community Ventures Corp - $260,000

    Third Street Exchange is an adaptive reuse to create a business incubator for 5 offices and a public market with 15 spaces. This interim loan bridged financing between the construction and permanent financing stage of the project. (2005)

  69. NeighborWorks Omaha - $300,000

    Beacon Place will be a newly constructed 40 unit apartment building will benefit low and moderate income residents of Council Bluffs, Iowa which is across the Missouri River from Omaha, Nebraska. This pre-development loan will cover architectural, engineering and survey costs. This is NC's first loan with NeighborWorks Omaha. (2011)

  70. DHIC, Inc. - $600,000

    Madison Glen is a newly constructed 120 unit affordable rental project offering 1, 2, & 3 bedroom apartments.  Over 90% of the units are targeted to households below 40% of AMI.  NC’s interim development loan bridged financing from one of the local project subsidies. (2003)

  71. Charlotte Mecklenburg Housing Partnership - $1,030,000

    NC provided both an unsecured predevelopment loan, as well as a site acquisition loan for the construction of 62 units of affordable rental housing for seniors. NC funds enabled CMHP to gain site control prior to closing on tax credit equity and construction financing, and provided working capital to cover the substantial up-front costs associated with a LIHTC transaction. (2012)

  72. Montgomery Housing Partnership, Inc - $1,500,000

    Parkview Towers is a 125-unit high rise rental property offering 1, 2, & 3 bedroom apartments. Due to the $7 million purchase price and 60 days to close to preserve its affordability, MHP approached Enterprise Community Loan Fund as lead lender. NC participated in this loan with a $1.5 million Mini-Perm Acquisition Loan. Due to high water and sewer bills over $500,000 was used to replace all water/sewer lines in the building and replace all toilets. This will reduce utility costs by 12.5%. (2010)

  73. St. Mary Development Corporation - $1,841,500

    Deer Run Apartments is an 84 unit expiring use family LIHTC project located in Lawrenceburg, Indiana.This interim construction loan will cover the replacement of major building systems (roofs, siding, HVAC, windows, appliances, cabinets, flooring, and fixtures) to keep the property marketable into the future. NC provided $1.84 million in capital toward the $6.35 million construction loan, led by Community Housing Capital. This is the first loan with this borrower. (2011)

  74. Community HousingWorks, Inc. - $200,000

    Florida Street (now known as KALOS) is a proposed 83-unit multifamily project with 1-3 bedroom units primarily for households at 60% AMGI. This loan was used to fund predevelopment expenses associated with the project. (2009)

  75. DHIC, Inc. - $1,100,000

    Dacian Glen Apartments (now known as Glenbrook Crossing after its transformation) is a 65-unit multifamily rental project consisting of 1-3 bedroom units primarily for households at 60% AMGI. This interim development loan was used to fund acquisition costs associated with the project. (2006)

  76. Alamo Area Mutual Housing Association - $709,033

    Thompson Place is a 268-unit multifamily rental project consisting of 1-3 bedroom units primarily for households at 50% AMGI. This interim development loan was used to fund acquisition costs. (2003)

  77. Charlotte Mecklenburg Housing Partnership - $775,000

    The Arden Street project will be a mixed-use development planned for 42 rental units and 33 for-sale town homes and is part of a large redevelopment plan adopted by the Charlotte City Council. NC’s loan facilitates the purchase of several key parcels. (2011)

  78. Sacramento Mutual Housing Assoc - $1,190,000

    Mutual Housing at Spring Lake is a proposed 100-unit rental project consisting of 1, 2, 3, & 4 bedroom units for households between 30%-60% AMGI. This interim development loan was used to acquire the property. (2010)

  79. Montgomery Housing Partnership, Inc - $1,100,000

    Montgomery Housing Partnership, Inc

    Takoma Park Preservation is a 63-unit affordable housing rental project for households with 60% AMGI. This interim development loan was used to fund costs associated with acquiring the property. NC's lending partner through a loan participation was National Housing Trust. (2006)

  80. Neighborhood Development Services, Inc. - $180,000

    BLADES is an 11-unit single family affordable housing project for households with 50% AMGI. This interim development loan was used to fund costs related to acquiring the property. (2004)

  81. NeighborWorks Waco - $600,000

    This interim development loan was used to perform site improvements to the commercial property where NeighborWorks Waco's headquarters. (2009)

  82. NeighborWorks New Horizons - $750,000

    Hill Housing is a 17 building, 65-unit affordable rental project offering 1 to 4 bedroom apartments for households with incomes from 30% to 60% AMI. This interim loan was used to purchase the general partner interest, facilitating a cost effective approach to preservation of distressed LIHTC projects. NC’s loan has allowed NWNH to stabilize the property and make critical repairs prior to seeking permanent financing from the State of Connecticut. (2011)

  83. South County Housing Corp - $500,000

    Gilroy Cannery is a 210-unit project consisting primarily of multifamily rental units, with some single family rental units and commercial space. This loan was used to fund predevelopment expenses associated with the project. (2007)

  84. NeighborWorks Blackstone River Valley - $820,000

    Gardening at The Meadows, Senior Housing, North Smithfield, RI

    The Meadows is an 80-unit HUD 202 rental project offering one bedroom units and onsite social services and transportation for low and moderate income seniors. This interim development loan, provided in participation with Community Housing Capital, was used to acquire the land for the project. (2003)

  85. Primavera Foundation - $1,600,000

    With a loan from NC, the Primavera Foundation is able to fund the construction gap for this new 12-unit rental development designed for intergenerational (grandparents and grandchildren) occupancy, while completing the fundraising for a capital campaign. All 12 apartments are affordable to households earning 50% or less of AMI. (2013)

  86. NeighborWorks Dakota Home Resources - $162,984

    Caledonia Condos is a 10-unit for sale project for households with 80% AMGI. This interim development loan was used to fund costs related to acquisition of the property. (2005)

  87. Nuestra Comunidad Development Corp - $956,000

    Quincy Commons is a mixed-use project consisting of 50 units of affordable rental housing and commercial space. This interim development loan was used to acquire the property. (2008)

  88. Montgomery Housing Partnership, Inc - $600,000

    Halpine Hamlet

    Halpine Hamlet is a 67-unit multifamily rental project consisting of 1-2 bedroom units primarily for households with 60% AMGI. This interim development loan was made in conjunction with Housing Partnership Network to provide funds for the acquisition of the property. (2009)

  89. Alamo Area Mutual Housing Association - $1,050,000

    Alamo Area Mutual Housing Association (AAMHA) has a strategic focus to broaden its portfolio. In alignment with this, AAMHA received an Interim Development loan for $1,050,000 from NeigborWorks Capital. Along with additional funds in participation with Community Housing Capital, AAMHA was able to purchase Cypress Cove Apartments and preserve more than 200 units of affordable rental housing in San Antonio, Texas. (2012)

  90. DHIC, Inc. - $130,000

    Highland Village is a 260-unit multifamily property consisting of both for-sale and rental units. This loan was used to fund predevelopment expenses associated with the project. (2002)

  91. Rural Communities Housing Development Corporation - $300,000

    Lakewood Homes is a 58-unit for sale project offering 3-4 bedroom units to households with 80% AMGI. This interim development loan was used to refinance existing debt service on the property. (2005)

  92. HomePort - $500,000

    Whittier Landing is the development of 40 single family homes on scattered in-fill lots in Columbus, Ohio under a lease-to-own program, 20 will be newly constructed and 20 are being renovated. HomePort has been awarded Low Income Housing Tax Credits and will target households with incomes from 35% to 60% of Area Median Income. (2011)

  93. Lawrence CommunityWorks - $511,500

    108 Newbury Street is planned to be a newly constructed 18 unit affordable rental project serving large low-income families with two- and three-bedroom apartments The proceeds of the loan were used to refinance the acquisition financing and cover a portion of design and financing expenses. (2011)

  94. East Akron Neighborhood Development Corp - $150,000

    Stephenson Pointe is a 30-unit single family rental project for families at 60% AMGI. This interim development loan was used for relocation expenses associated with the project. (2005)

  95. Beyond Housing, Inc. - $895,688

    Pagedale Retail is a commercial project that brought the first chain grocery store to this community in more than three decades. It is the complimentary phase to the Pagedale Senior Housing project which will be constructed on an adoining site. This interim development loan was used to cover land acquisition expenses associated with the property. (2009)

  96. NeighborWorks New Horizons - $1,500,000

    Fair Haven Mutual is a proposed 44-unit rental project to consist of a combination of gut rehabilitation (25 units) and new construction (19 units). A portion of the units will be dedicated to permanent supportive housing for tenants who are at risk for homelessness. This interim development loan provided a bridge to construction financing in the form of takeout of Connecticut Housing Finance Agency acquisition loans. (2010)

  97. NHS of South Florida - $599,250

    This interim development loan was used to acquire and rehabilitate the commercial building where NHS of South Florida maintains its principal office. (2008)

  98. Willamette Neighborhood Housing Services, Inc. - $825,000

    Alexander Court is a 24-unit mixed use project consisting primarily of multifamily rental, with a few single family rental units and some commercial space, for households with 50% AMGI. This interim development loan was used to fund acquisition expenses for the project. (2007)

  99. Housing Resources of Western Colorado - $2,000,000

    This Organizational Pilot Loan was used to provide HRWC with the resources necessary to purchase vacant land for affordable housing development. (2009)

  100. United Housing, Inc. - $803,723

    Wolf River Bluffs is a planned 34-unit, new construction for-sale project offering 2 and 3 bedroom single family homes to households at 80% AMGI. This interim development loan was used to acquire the property. (2010)

  101. Central Vermont Community Land Trust - $300,000

    River Station Condos is an 18-unit for sale project. This interim development loan was used to fund acquisition costs. (2006)

  102. Community Resources and Housing Development Corp - $285,000

    San Luis Self-Help is a 24-unit single family self help project for households at 60% AMGI. This interim development loan was used to fund costs associated with site improvements. (2004)

  103. Neighborhood of Affordable Housing, Inc. - $150,000

    Benfield Farms is a proposed 26-unit rental project that will offer 1-2 bedroom affordable housing units. This loan was used to fund pre-development expenses associated with the project. (2009)

  104. Southwest Minnesota Housing Partnership - $142,000

    The McKay Apartments is the second Mini-Perm Acquisition loan with Southwest Minnesota Housing Partnership. This subordinate loan was used to assist in acquiring and preserving this 30-unit "market affordable" multifamily property while the owner determined capital needs and permanent financing options. (2012)

  105. AHC Inc. - $150,000

    Woodbury North is a 215-unit project featuring a mix of for sale and rental affordable housing units. This loan was used to fund predevelopment costs associated with the project. (2003)

  106. Mutual Housing Association of Southwestern Connecticut, Inc - $200,000

    Wilton Commons II

    Wilton Commons is a newly constructed 77-unit multi-family rental project offering 1-2 bedroom units exclusively for senior housing. This loan was used to fund pre-development expenses associated with the project. (2008)

NeighborWorks Capital News

93%

of rental apartments served residents earning 80% or less of Area Median Income

74

NeighborWorks network customers 

218

Loans closed in past 11 years

19:1

Leverage of NC's loan to Total Development Costs

63%

of NeighborWorks affiliates in the real estate development line of business are NeighborWorks Capital borrowers

$100 million

of capital provided

35

repeat NeighborWorks customers since 2008

28

customers serving rural communities

8,200

affordable rental homes

$1.4 billion

in construction and permanent financing leveraged

32

new NeighborWorks customers since 2008, a 52% increase!

1,325

affordable for-sale homes

1 of 6

units built or preserved in past 11 years was facilitated by a NeighborWorks Capital loan

475,000

square feet of commercial, office, retail and community space

CARS A member of the Opportunity Finance Network