Northeast Region

  1. 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)

  2. Mutual Housing Association of Southwestern Connecticut, Inc - $125,000

    Wilton Commons is a 77-unit multifamily rental project offering 1-2 bedroom units. This loan was used to fund pre-development expenses associated with the project. (2006)

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

    Parkview Towers is a 125-unit high rise rental property offering 1, 2, & 3 bedroom apartments. More than half of the units are targeted towards households below 60% AMGI. with lead lender Enterprise Community Loan Fund. NC participated in this loan along with Low Income Investment Fund and Partners For The Common Good. The combined total of $7 million in acquisition funds from these CDFIs were assembled for this preservation project. (2010)

  4. 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)

  5. 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)

  6. Urban Edge Housing Corp. - $150,000

    The Amory Street project consists of a 64-unit multifamily building offering rental units of 1-3 bedrooms to households with 50-60% AMGI. This loan was used to cover predevelopment expenses associated with the project. (2002)

  7. 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)

  8. 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)

  9. 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)

  10. 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)

  11. 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)

  12. Nuestra Comunidad Development Corp - $150,000

    Edgewood is a 54-unit project consisting of 46 rental and 8 for sale units for household within 30%-80% AMGI. This loan was used to fund pre-development expenses associated with the project. (2003)

  13. Codman Square Neighborhood Development Corp. - $20,000

    Latin Academy II is a 36-unit multifamily rental project featuring 1-2 bedroom units for households at 60% AMGI. This loan was used to fund predevelopment expenses associated with the project. (2004)

  14. Nuestra Comunidad Development Corp - $1,180,000

    Bartlett Place is a proposed 220-unit multifamily rental and 92-unit single family for sale project catering primarily to households with 80% AMGI. This interim development loan was used to acquire the property. (2010)

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

    The development of Phase I of Talbot Commons is a mixed-use new construction and renovation project including a 36-unit affordable cooperative housing project, 1,970 square feet of commercial space, 1,970 square feet of community space. It is located within one block of a newly re-opened and improved commuter rail station. This predevelopment loan will be used for design and engineering costs. (2011)

  16. Housing Resources of Columbia County, Inc. - $318,000

    Copake Village is a 139-unit affordable housing development containing a mix of single family and multifamily units, with 68 units dedicated to senior housing. This interim development loan was used to cover acquisition costs related to the project. (2004)

  17. 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)

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

    Refinancing of construction loan for ten affordable for-sale town-homes at Buttermilk Falls condominium project. This allows RUPCO adequate time to work with potential home buyers and local banks to arrange suitable home mortgages.This is our first loan with Rural Ulster Preservation Corporation. (2011)

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  19. 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)

  20. 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)

  21. 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)

  22. 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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  23. 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)

  24. 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)

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

    Solar array on the Westfield Commons building.

    Westfield Commons is a 16 unit rental project with 4,000 sf of homeownership center and office space to West Elmwood Housing. This mini-perm loan financed acquisition and installation of 48 KW photovoltaic system for the offices and common areas of the rental project. (2010)

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  26. 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)

  27. NeighborWorks New Horizons - $750,000

    Hill Housing is a 17 building, 65-unit affordable rental project offering one to four bedroom affordable housing units. This interim development loan was used to purchase the general partner interest faciliating a cost effective approach to preservation of distressed LIHTC projects. (2011)

  28. 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)

  29. 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)

  30. 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)

  31. 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)

  32. Madison Park Development Corporation - $15,000

    Interfaith Apartments, Boston, MA

    Interfaith Apartments is a mixed use, 70-unit rental property consisting of 1-4 bedroom units and commercial space. This loan was used to fund predevelopment expenses. (2002)

  33. 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)

  34. 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)

  35. 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)

  36. 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)

  37. 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)

  38. 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)

  39. NeighborWorks New Horizons - $200,000

    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 loan provided funds to cover pre-development expenses associated with the project. (2009)

  40. Urban Edge Housing Corp. - $150,000

    Egleston Crossing is a 64-unit multifamily rental project offering efficiency, 1 and 2-bedroom units to households with 50% and 60% AMGI. This loan was used to cover predevelopment expenses associated with the project. (2002)

  41. 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)

  42. Interfaith Housing Delaware, Inc

    Arbor Place I is a 43-unit multifamily rental project with 1-3 bedroom units for households at 50%-60% AMGI. This interim development loan was used to fund acquisition costs related to the project. (2006)

  43. 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)