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.
Chief of Consulting
The Chief of Consulting (CC) is a member of the senior management team and has overall responsibility for the startup and buildout of a consulting business focused on the affordable housing and community development industry. The CC will need to be an entrepreneur at heart but also be able to work as part of a team. The CC is a critical strategic partner for the Chief Executive Officer (CEO) and will report directly to the CEO.