Gulf Coast Housing Partnership (GCHP) closed on a $842,000 permanent loan for Country Club Estates, a 62-unit affordable housing development for seniors in Montgomery, AL. NeighborWorks Capital provided a forward commitment for GCHP in late 2018, but the project faced significant construction delays. This new permanent loan extended the loan commitment and increased the loan amount to cover additional project costs.
NeighborWorks Capital and National Equity Fund Announce LIHTC Equity Fund to Empower Partner Organizations
The innovative fund, exclusive to members of the NeighborWorks America network, will provide LIHTC equity with equitable, consistent terms, helping create and preserve more affordable housing across the country.