Midwest Region

  1. 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)

  2. 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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  3. 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)

  4. Portage Area Development Corporation - $77,000

    Portage Housing II is a 25-unit single family rental project offering 3-4 bedroom units to households with 40% AMGI. This loan was used to fund pre-development costs associated with the project. (2001)

  5. Neighborhood Development Services, Inc. - $90,000

    Lake Street is a 13-unit affordable housing project consisting of a mixture of rental and for sale units. This interim development loan was used to fund expenses associated with acquiring the project. (2004)

  6. 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)

  7. 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)

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

    Rendering of Pagedale Retail Development, Pagedale, MO

    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)

  9. 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)

  10. Beyond Housing, Inc. - $200,000

    Pagedale Retail is a commercial project associated with the Pagedale Senior Housing project. This loan was used to fund predevelopment expenses associated with the project. (2008)

  11. 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)

  12. 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)

  13. 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)

  14. 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)

  15. 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)

  16. Portage Area Development Corporation - $250,000

    Hudson Properties is a 472-unit affordable housing rental project located across 11 properties. This interim development loan was used to acquire the properties. (2003)

  17. 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)

  18. 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 acquisition costs associated with the project. (2009)

  19. 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)

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

    Queen Esther's Village is a 33-unit multi-family, senior housing rental project with 2 bedroom units for households between 40%-60% AMGI. This loan was used to fund predevelopment expenses associated with the project. (2006)

  21. Lafayette Neighborhood Housing Services, Inc. - $8,000

    Old Jeff Apartments is a mixed use, 74-unit rental project consisting of efficiencies, 2-3 bedroom apartments and commercial space. This loan was used to fund predevelopment expenses. (2002)

  22. 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)

  23. 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)

  24. 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)