NeighborWorks Capital receives Capital Magnet Fund award


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

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.

Read More »