NeighborWorks Capital recently closed a $1,400,000 construction line of credit to Fifth Ward Community Redevelopment Corporation to support their new home development activities in Houston, TX. Fifth Ward will use our loan to build new homes, often in partnership with the Houston Land Bank and the Houston Land Trust, to ensure long-term affordability for low and moderate-income buyers. Fifth Ward expects to build and sell 28 homes over the next three years, ramping back up to their historic levels of production.
Lakes Region Community Developers | Bay Street Apartments
NeighborWorks Capital is pleased to extend a $673,000 construction-to-permanent loan to Lakes Region Community Developers for Bay Street Apartments.
