NeighborWorks Capital is pleased to announce that, after an extensive national search, the Board of Directors unanimously selected James Peffley as its next CEO. Peffley brings a deep understanding of the importance of affordable housing and an extensive background in finance to the role after decades of senior leadership at Cinnaire, Fannie Mae, and the Delaware State Housing Authority.
Peffley brings to NeighborWorks Capital experience in all facets of affordable housing and community development lending, capital markets and tax credit syndication. Peffley will start on September 12th and succeeds NeighborWorks Capital’s CEO Jim Ferris, who is retiring.
NeighborWorks Capital Board Chair Jeanne Pinado said, “The Board was deeply impressed with Jim Peffley’s vision for the organization, ideas about how to build on our excellent track record, and commitment to deepening our impact and as a key source of capital, technical expertise, and partnership with NeighborWorks Organizations. He laid out a vision for working with the Board and staff to deepen our work on diversity, equity, and inclusion. The Board would like to thank our outgoing CEO Jim Ferris for building an excellent team and leaving NeighborWorks Capital in a strong financial position, including our best capital raising year in the organization’s 22-year history.”
Peffley said “I have always been deeply impressed with the performance and commitment to mission and growth evidenced in organizations that make up the NeighborWorks networks. I have worked with many NeighborWorks affiliates during my career, and they represent the best of our industry. I look forward to listening and partnering with them to identify innovative capital that helps them make their communities stronger.”
About NeighborWorks Capital
NC is a national non-profit community development loan fund based in Silver Spring, MD serving NeighborWorks America’s 250 member organizations (NWOs) in all 50 states and the District of Columbia and Puerto Rico. NC is certified by the U.S. Department of the Treasury as a Community Development Financial Institution (CDFI) and highly rated by Aeris-Insight™. In NC’s 22-year history, it has provided over $430 million in loans whose impact includes over 21,000 affordable rental homes and 3,000 ownership homes in over 144 communities across the NeighborWorks network. For more information visit https://www.neighborworkscapital.org.
NeighborWorks America (NWA), the organization’s strategic partner, has invested over $43 million in capital grants in NC since its inception in 2000. NWA had the vision and made the financial commitment to NC to provide a range of financing solutions to create and preserve affordable housing and community development projects.