NeighborWorks Capital funded a $3,612,500 acquisition loan with People’s Self-Help Housing Corporation (PSSH) in October of 2020. This loan will finance the acquisition of a 5.22-acre property in Oxnard, California. The proposed project is a new construction affordable multifamily project of 150 units among two buildings targeted to large family households. 100% of the units will be affordable, targeted to households between 30-80% of Area Median Income. Depending on the final financing mix some units may be set aside for farmworker families, or homeless/other special-needs households. The site is identified by the City of Oxnard Housing Element as a targeted affordable housing site, indicating alignment between the Project and the city’s planning priorities.
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.
