NeighborWorks Capital funded a $350,000 stabilization loan with Codman Square Neighborhood Development Corporation (Codman Square) in August 2020. This loan will provide Codman Square with the ability to stabilize their corporate cash flow from development fees which were impacted by delays in new development activities. Codman Square currently has three projects in their pipeline in different development stages (under construction, awaiting stabilizations, and predevelopment) that have been affected. These delays were caused by the COVID-19 Stay at Home order in Massachusetts and the City of Boston’s order to stop all construction activity in March 2020.
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.