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 their communities.
At the end of 2017, Year 4 of its 2014-2018 Strategic Plan, NeighborWorks Capital continues to make significant progress toward its Five-Year Goals:
122 loans for affordable rental, for-sale, commercial and mixed-use projects in 31 states and District of Columbia
Over $162 million in loans closed and committed
Over 8,300 units of affordable rental and for-sale homes, and 650,000 square feet of commercial space to be created or preserved
33 new NeighborWorks customers
$1.4 billion of construction and permanent financing leveraged (11.5:1 leverage)
$41 million in new and renewed debt and equity capital raised. NC has over $110 million in flexible lending capital available for the NeighborWorks network!
Maintained operating sustainability of over 120%