NeighborWorks Capital funded a $13,395,000 construction loan with Thistle Communities in December. This loan will assist Thistle with the construction of Velo Condominiums Phase I which will include 40 residential condominiums. Six of the forty will be subject to the restrictions of the City of Boulder Permanently Affordable For-Sale Interim Covenant. The development of the site will occur in two phases for a total of 70 residential condominiums. A portion of this construction loan will pay for the infrastructure development costs associated with the Phase II property.
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.