NeighborWorks Capital funded a $500,000 predevelopment loan with Codman Square Neighborhood Development Corporation (Codman Square) in February. This predevelopment loan, coupled with the $685,000 acquisition loan, allowed them to refinance their current maturing acquisition debt on properties in Dorchester, Massachusetts. Codman Square is in the process of developing 23 affordable apartments in their effort to assist in revitalizing these neighborhood blocks that are near the commuter rail station.
Chief of Consulting
The Chief of Consulting (CC) is a member of the senior management team and has overall responsibility for the startup and buildout of a consulting business focused on the affordable housing and community development industry. The CC will need to be an entrepreneur at heart but also be able to work as part of a team. The CC is a critical strategic partner for the Chief Executive Officer (CEO) and will report directly to the CEO.