DreamKey Partners closed on a $2,840,000 construction loan for Vantage Pointe Townhomes in Charlotte, NC. The Charlotte-Mecklenburg area has seen tremendous growth and a dramatic increase in home prices, and to address these challenges, DreamKey Partners has taken on several homeownership opportunities to help families that are being priced out of the market. The construction loan from NeighborWorks Capital will provide the financing DreamKey Partners needs to build 12 affordable homes for families at or below 80% of AMI.
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.