NeighborWorks Capital funded a $500,000 stabilization loan with Gulf Coast Housing Partnership, Corporation (Gulf Coast) in October 2020. This stabilization loan will provide flexible working capital for Gulf Coast due to financial hardship caused by the COVID-19 quarantine orders and economic slowdown. Gulf Coast is a regional real estate development company based in New Orleans and focuses on the production of affordable and mixed income communities as well as the development of community assets. Their developments have created over 2,300 residential units, and more than 350,000 square feet of complementary commercial development. Gulf Coast has developed affordable housing in Louisiana, Mississippi, Texas, and Alabama, representing over $304 million in total development costs. These funds will allow Gulf Coast to continue working projects.
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.
