NeighborWorks Capital closed a $650,000 predevelopment loan with Chinatown CDC in September 2018. Our loan will give Chinatown CDC funds to complete the design, engineering, and preconstruction work for their Hamlin Hotel, a sixty-seven SRO building that houses formerly homeless single adults in San Francisco, ahead of a major rehabilitation of the building. Chinatown CDC has secured financing commitments from the Rental Assistance Demonstration Component 2 Program, City of San Francisco, and California Department of Housing and Community Development.
NeighborWorks Capital and National Equity Fund Announce LIHTC Equity Fund to Empower Partner Organizations
The innovative fund, exclusive to members of the NeighborWorks America network, will provide LIHTC equity with equitable, consistent terms, helping create and preserve more affordable housing across the country.