NeighborWorks Capital receives Capital Magnet Fund award

CDFI Fund

Share This Post

We are pleased to announce that NeighborWorks Capital recently received a $2 million Capital Magnet Fund grant award from the CDFI Fund. This award will allow us to provide lower cost, fixed rate permanent loans to members of the NeighborWorks America network.

NeighborWorks Capital will use the grant funds to offer NeighborWorks America organizations lower fixed rates on permanent loans to acquire or preserve affordable rental homes especially in economically-distressed or high opportunity areas. We are leveraging this award with more than $30 million in new capital to benefit the NeighborWorks America network.

For more than 20 years, NeighborWorks Capital has provided flexible, creative financing supporting more than 400 affordable housing, community development, and business expansion projects. 

Learn more about our permanent loans and other financing solutions.

Subscribe To Our Newsletter

Stay up to date with NeighborWorks Capital

More To Explore

Loan Closer

The Loan Closer oversees the loan closing and funding process for a wide range of commercial real estate loan types, including predevelopment, property acquisition, construction, permanent, and enterprise loans.

Read More »

Resilience and Flexibility in the Face of Unexpected Challenges

Affordable Homes of South Texas, Inc. (AHSTI) started as a grassroots effort by local businesses to improve the condition of homes in the area and provide affordable mortgages to residents. Over the years, AHSTI has grown to include financial education, homebuyer development, new construction, and subdivision development.

Read More »