Land Acquisition | People’s Self-Help Housing

Share This Post

Peoples Self-Help Housing (PSHH) recently closed on a $2,111,000 land acquisition loan to refinance high-cost debt they used to purchase the development site for Skylight Homes in Santa Maria, CA. NeighborWorks Capital’s loan provides PSHH with affordable financing while they move the planned 49-home development through the local subdivision and development approval process. Skylight Homes will be built on a former drive-in movie theater and provide new homes for households earning between 80% and 120% of AMI. The Housing Trust of Santa Barbara County has already funded $900,000 to support the project.  

Learn more about NeighborWorks Capital’s competitively priced, fixed-rate loan capital that is available to members of the NeighborWorks network. Visit our lending solutions page for more information. 

Subscribe To Our Newsletter

Stay up to date with NeighborWorks Capital

More To Explore

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 »

Visiting Rocky Mountain Communities

NeighborWorks Capital Portfolio Manager Vince Episcopo recently traveled to Colorado to visit Rocky Mountain Communities (RMC), an organization that has been providing affordable housing and resident-focused services in Colorado for over 30 years.

Read More »