NeighborWorks Capital funded a $2,000,000 revolving line of credit with CASA of Oregon in December. This loan will provide CASA with additional capital for their Manufactured Housing Park Preservation Loan. CASA provides financial and technical assistance to residents of manufactured housing parks (MHPs) and help organize resident cooperatives to take on park ownership. This assistance includes helping the co-op negotiate with the park owner, securing public financing from public and private sources, closing the financing, and setting up the cooperative management structure. This loan will allow CASA to stretch their own funds further in assisting MHPs.
Final FHFA Rule on Racial Equity, Language Access, and Fair Lending Oversight Will Aid Underserved Communities
A coalition of affordable housing and civil rights organizations applaud an announcement from the Federal Housing Finance Agency (FHFA) finalizing a rule on fair housing, fair lending, and equitable housing finance (EHF). The FHFA’s new rule on EHF plans will provide greater market access to underserved communities.