This year, NeighborWorks America celebrates its 40th anniversary of empowering individuals through its support of affordable housing, and transformation of neighborhoods through community development. NeighborWorks has built an inimitable network of 250 of the nation’s best community development organizations and invested $70 billion to help 4 million families with affordable homes. Nearly 1 million homes have been built, constructed, acquired and preserved by Network members.
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.
