NeighborWorks Capital (NC) is pleased to be selected once again to receive a grant award from the U.S. Treasury’s CDFI Fund. This year NC was awarded $826,905 from their Financial Assistance program. Our primary request for these funds is to expand and leverage capital to provide mezzanine financing to our customers. NC has received over $7 million in capital grants and matching funds used as flexible lending capital to meet pressing housing needs in communities of persistent poverty.
NeighborWorks Capital has joined the Federal Home Loan Bank of Atlanta, a cooperative of eligible commercial banks, credit unions, savings institutions, community development financial institutions, and insurance companies that offers competitively-priced financing, as well as affordable housing and community development grants.