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Our Impact
In 2018 the NeighborWorks Capital Board of Directors adopted a
Strategic Plan for 2019-2023
with specific, measurable and aggressive goals.
These include the following organizational and community impacts:
Doubling our cumulative lending impact to $600 million
Loan capital available by $200 million
In 2021 NeighborWorks Capital’s lending achieved these impacts:
Assisted in the creation of 855 and preservation of 172 apartments or homes
87% of the homes are affordable at or below 80% of area median income
53% of homes are in communities with majority minority populations
45% were in rural areas
34% of homes are in low income census tracts
At the end of 2021, the third year of the Strategic Plan, NeighborWorks Capital made progress toward these five year goals:
Increased lending impact by $114 million
Assisted in the creation of 2,328 and preservation of 1,084 apartments or homes
Raised additional loan capital to $155 million
135
NeighborWorks network customers
85%
of NeighborWorks affiliates in the real estate development line of business are NeighborWorks Capital borrowers
388
loans closed in the past 19 years
47
customers serving rural communities
$4.75B
in construction, bridge and permanent financing leveraged
1.15M
square feet of commercial, office, retail, and community space
17,000
Affordable rental homes
93%
of rental apartments financed served families or seniors earning 80% or less of Area Median Income
$375M
of affordable and flexible capital provided
14:1
Leverage
2,800
affordable for-sale homes
43
States and District of Columbia served
Our Lending Impact and Customers by State