NeighborWorks Capital closed a $580,000 construction loan for Community Housing Development Corp. of North Richmond (CHDC-NR) to build a new home on 43rd Street in the Longfellow neighborhood of Oakland, CA. CHDC-NR secured the vacant site from the City of Oakland in 2016, and will build a 3-bedroom, 1,725 SF home to sell at a market price. While this single home does not impact housing affordability in a very hot market – the sale price is expected to be in excess of $850,000 – the profits CHDC-NR will make from the sale will be reinvested in their other affordable housing projects in the East Bay.
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.
