Impact

In 2013 the NeighborWorks Capital Board of Directors and Senior Management adopted a Strategic Plan for 2014-2018 with detailed, aggressive goals and objectives to provide more capital to NeighborWorks affiliates in there communities.

At the end of 2016, Year 3 of its 2014-2018 Strategic Plan, NeighborWorks Capital has made significant progress toward its Five-Year Goals

  • 100 loans for affordable rental, for-sale, commercial and mixed-use projects in 29 states and District of Columbia
  • Over $122 million in loans closed and committed
  • Over 6,300 units of affordable rental and for-sale homes, and 325,000 square feet of commercial space to be created or preserved
  • 27 new NeighborWorks customers
  • $1.1 billion of construction and permanent financing leveraged (9:1 leverage)
  • $57 million in new and renewed debt and equity capital raised. NC has over $100 million in flexible lending capital available for the NeighborWorks network!
  • Maintained operating sustainability of over 120%

 

Case Studies For Interim Development Loans

Preserving Section 8 Apartments in high cost market

Borrower: Community HousingWorks

Project: Azusa Apartments

Location: Azusa, California

Loan Amount: $6,500,000

New Homes, No Homebuyer Financing

Borrower: Rural Ulster Preservation Corporation

Project: Buttermilk Falls Townhomes

Location: Ellenville, New York

Loan Amount: $1,443,000

Partnering for Supportive Housing

Borrower: Cabrillo Economic Development Corporation

Project: Paseo de Luz

Location: Oxnard, California

Loan Amount: $605,000

Project Readiness Solution!

Borrower: NeighborWorks Columbus

Project: Solstice Senior Housing

Location: Opelika, Alabama

Loan Amount: $485,000

Case Studies For Predevelopment Loans

Neighborhood Stabilization

Borrower: HomePort

Project: Duxberry Landing

Location: Columbus, Ohio

Loan Amount: $200,000

Live Oak Apartments

Helping the Charlotte Mecklenburg Housing Partnership with its Master Plan

Borrower: Charlotte Mecklenburg Housing Partnership, Inc

Project: Live Oak Seniors

Location: Charlotte, North Carolina

Loan Amount: $410,000

Case Studies For Mini-Permanent Loan for Operating Properties Loans

Creating a Path for More Supportive Housing

Borrower: Mutual Housing Association of Southwestern Connecticut, Inc

Project: Fairfield Commons

Location: Stamford, Connecticut

Loan Amount: $1,250,000

Case Studies For Loans

Solar array on the Westfield Commons building.

Installing Solar For An Affordable, Sustainable Future

Borrower: West Elmwood Housing Development Corporation

Project: Westfield Commons

Location: Providence, Rhode Island

Loan Amount: $170,167