Flexible predevelopment funding in Houston

Share This Post

NeighborWorks Capital funded a $500,000 enterprise loan with Avenue CDC. The working capital loan provided them with additional funds to support their unrestricted cash, to fund predevelopment expenses for their multifamily and single-family projects, with the ability to be reused through various projects until maturity. These funds will assist Avenue with developing much needed for-sale and rental affordable homes and apartments in the Houston market. Despite the housing market shrinking after Hurricane Harvey in 2017, Houston area’s housing demand has continued to grow and home sales prices are among the highest in the state. 

Learn more about our Enterprise Capital loans here.

Subscribe To Our Newsletter

Stay up to date with NeighborWorks Capital

More To Explore

Visiting Providence and Boston

Our team had the opportunity to spend time with five members of NeighborWorks America serving communities in Boston and Providence. On this trip, we visited Codman Square Neighborhood Development Corporation, Nuestra Comunidad Development Corporation, Madison Park Development Corporation, ONE Neighborhood Builders, and Cambridge Neighborhood Apartment Housing Services. Each of these organizations is doing transformational work to create opportunities for people to live in affordable homes, improve their lives, and strengthen their communities. 

Read More »

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 »