NeighborWorks Capital closed a $1,467,000 permanent loan with Community Action Partnership of North Alabama, Inc. (CAPNA) in May 2020. Our loan assisted CAPNA with purchasing their current office building. CAPNA has occupied their building in Decatur, Alabama since the building was completed in 2003. This purchase will allow CAPNA’s occupancy costs to decrease by approximately thirty percent as they move from renter to owner.
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.