Corporate Financing to help during COVID-19 Shutdown

Share This Post

NeighborWorks Capital funded a $500,000 stabilization loan with New Directions Housing Corporation (New Directions) in July 2020. This stabilization loan will provide flexible working capital for New Directions due to financial hardship caused by the COVID-19 quarantine orders and economic slowdown.  New Directions manages and develops affordable housing in Louisville, Kentucky. They also have programs for affordable home repairs and community building and engagement. New Directions will continue with several development projects but anticipate that COVID-19 may impact the timing of these projects. These funds will allow New Directions to continue working on these projects as well as pay off existing debt in a timely fashion.

Subscribe To Our Newsletter

Stay up to date with NeighborWorks Capital

More To Explore

NeighborWorks Capital Deploys $22 Million to Fund Permanent Multifamily Loans in Partnership with Charles Schwab Bank

On August 30, 2022, NeighborWorks Capital received its largest investment to date, a $25 million facility from Charles Schwab Bank to fund permanent multifamily loans. One year later, NeighborWorks Capital is pleased to report that 90% of the facility has been utilized and $22 million of long-term, fixed-rate permanent financing has been deployed to members of the NeighborWorks network.

Read More »

Senior Accountant

The Senior Accountant will report to the Controller and will directly assist the Finance Team with a wide range of tasks and projects related to financial reporting, budgeting and forecasting.

Read More »

Visiting Rocky Mountain Communities

NeighborWorks Capital Portfolio Manager Vince Episcopo recently traveled to Colorado to visit Rocky Mountain Communities (RMC), an organization that has been providing affordable housing and resident-focused services in Colorado for over 30 years.

Read More »