NeighborWorks Capital funded a $2,000,000 revolving line of credit with CASA of Oregon in December. This loan will provide CASA with additional capital for their Manufactured Housing Park Preservation Loan. CASA provides financial and technical assistance to residents of manufactured housing parks (MHPs) and help organize resident cooperatives to take on park ownership. This assistance includes helping the co-op negotiate with the park owner, securing public financing from public and private sources, closing the financing, and setting up the cooperative management structure. This loan will allow CASA to stretch their own funds further in assisting MHPs.
NeighborWorks Capital and National Equity Fund Announce LIHTC Equity Fund to Empower Partner Organizations
The innovative fund, exclusive to members of the NeighborWorks America network, will provide LIHTC equity with equitable, consistent terms, helping create and preserve more affordable housing across the country.