NeighborWorks Capital recently closed a $431,000 land acquisition loan to DreamKey Partners for the purchase of a 2.6-acre site in the Double Oaks neighborhood of Charlotte, NC. DreamKey will develop the site, adjacent to their Stevenson Apartments, with up to 100 affordable apartments using LIHTC equity, commercial financing, and AHP grant, and a loan from the Charlotte Housing Trust fund.
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.