Partners

NeighborWorks Capital forges strategic partnerships with social investors, banks and community development financial institutions to grow our loan capital. Investments made into our loan fund, as opposed to NC underwriting loans for other financial institutions, allows us to design loan products with terms that give us greater flexibility on rates and other terms. Through these partnerships, we have raised lower-cost capital, translating into competitive rates for our borrowers. These strategic partners include:

Investors

  • Ally Bank

    Ally Bank (formerly GMAC Bank), is an industrial loan bank (ILB) headquartered in Salt Lake City, Utah. This investment of $5 million was dedicated to NWOs in the Rocky Mountain District to provide enterprise loan capital to build the organization’s lines of business.

  • Bank of America

    Bank of America has invested $4 million in a Program Related Investment as part of its ongoing commitment to low income communities.

  • Calvert Foundation

    Calvert Foundation, a leading social investor in community development, recently increased its investment to $1.5 million.

  • Community Development Financial Institution Fund

    The US Department of Treasury’s CDFI Fund has awarded two Financial Assistance Awards totaling $2.25 million in the past two years. This permanent equity capital will be used to further capitalize the loan fund and provide important leverage to raise debt capital. In addition the CDFI Fund provided a low-interest loan with a principal amount outstanding of $333,000.

  • NeighborWorks America

    NeighborWorks® America, NC’s lead strategic partner, has invested more than $17 million of permanent equity capital plus additional operating support allowing NC to leverage investment of additional capital from financial institutions, social investors and foundations. Through an investment agreement, NeighborWorks America’s equity investment will enable NC to leverage this with private capital and meet the growing financing needs of the network.

  • PNC Bank

    PNC Bank recently committed $2 million in support of NC’s lending in their market areas in the mid-atlantic and midwest sections of the country.

  • TD Bank

    TD Bank has a strong commitment to community development and recently invested $1.5 million at below-market terms in support of NC’s lending in their market areas in the northeast and mid-atlantic.

  • The John D. and Catherine T. MacArthur Foundation

    The John D. and Catherine T. MacArthur Foundation, a leading national foundation focused on the preservation of affordable housing, has invested $1 million of capital as a program related investment.

Lending Partners

We assist our borrowers by coordinating financing with other community development lenders who share our mission. This streamlines the underwriting and closing process and reduces transaction costs. Some current and previous partners include: