Since late 2006, Charlotte Mecklenburg Housing Partnership has used low-cost, front-end loans from NeighborWorks Capital to pay for predevelopment or site acquisition in four multifamily projects.

NeighborWorks Capital understands our organization and its business lines, resulting in more flexibility and fewer costs for the front end of our projects.- Natalia Baum, Manager of Development Finance – Charlotte Mecklenburg Housing Partnership (CMHP)

Using pre-development loans at 4% from NeighborWorks Capital, our organization maintains the strong cash reserves necessary during unsteady times. We’re seeing lots of opportunities right now and using NC’s interim development financing to pursue projects that fit best with our mission and communities.- Fred Dodson, COO - Charlotte Mecklenburg Housing Partnership (CMHP)