News

HPI

This loan will help HPI have an immediate impact in stabilizing homes and preparing them for affordable homeownership opportunities while rental income will cover the carrying costs of holding the property throughout the term of the loan. 

Three loans from NC helped CDCB acquire and preserve much-needed affordable rental housing in a deeply impoverished community in southern Texas

Providing Enterprise Capital to the NeighborWorks Network

Looking Ahead: Our Vision for the Next Five Years 

PSHH

Peoples’ Self-Help Housing (PSHH) came to us for the first time with back-to-back projects in tough markets, one urban and one rural/agricultural.

Gaudenzia

With its Wilmington addiction treatment facility under pressure to relocate, leading provider Gaudenzia needed a new facility.

Velo rendering

Find out how we helped them with a $3.15 million acquisition loan.

Newton Creek construction

Find out how our quick turnaround helped them get the financing they needed.

Spruce Meadows

Flexible financing got Spruce Ridge under construction

Tayani Suma and Fred Dodson, Jr.

We are pleased to welcome Tayani Suma and Fred Dodson, Jr.

An old photo showing the mill

We are proud to work with Lawrence CommunityWorks in Massachusetts to transform a former mill into into a mixed use development.

Lamar Life building

Revitalization of historic building expected to spur downtown development in Jackson, MS.

EBALDC

Tailored, flexible solutions help EBALDC meet skyrocketing cost, demand in one of the most expensive markets

Homeport

Our 11th predevelopment loan to Homeport builds much-needed homes for seniors

NeighborWorks America

NeighborWorks America has awarded NeighborWorks Capital $2.3 million in operating and capital grants to support the expansion of the loan fund.

Andrews Mill

Our $600,000 loan helped NWBRV purchase a historic factory out of bankruptcy. The site will have extensive environmental clean-up, protecting the adjacent Branch River. The loan, our third to NWBRV, supports their ongoing efforts to revitalize the historic towns of the Blackstone River Valley.

Arroyo

We reconnected with customer Rocky Mountain Communities (RMC) to finance a unique, two-part $3.25 million acquisition and predevelopment loan for two widely separate projects.

AHC

NeighborWorks Capital’s $6.5 million dual-use land acquisition loan helped AHC create affordable homes in one of the country’s most expensive markets

CDC Tampa

We extended new borrower CDC of Tampa (CDCT) a $1 million revolving line of credit to help acquire and rehabilitate single-family homes in the Tampa, Florida, metropolitan area. This urban infill development will serve a critical need as they are resold to moderate-income households.

Avenue CDC's Oak Arbor Development

We made a $5.4 million loan to Avenue CDC to preserve affordable apartments in the Northline neighborhood of Houston, TX. NC offered more leverage than a traditional bank, which will allow Avenue to stretch their investment, and pursue new development opportunities.

Residents at North Park

Our long-standing customer Community HousingWorks (CHW) opened its newly built North Park Senior Apartments development in San Diego in late April. We provided $1.5 million of capital to a $4.6 million site acquisition loan from Community Housing Capital. It is one of only seven LGBT-affirming home developments in the U.S., and the first in San Diego.

CEI

Our first financing partnership with Coastal Enterprises, Inc. (CEI) is a participation for an acquisition of Brunswick Landing in Maine.

In response to various natural disasters during 2017 the NeighborWorks Capital Lending Team developed two loan products that are immediately available and can assist NeighborWorks organizations operating in communities impacted by recent and future hurricanes, tornadoes, wildfires and other natural disasters.

In a competitive funding round, where applicants requested more than three times the amount available, NeighborWorks Capital was successful to receive a grant award for the sixth time from the U.S. Treasury's CDFI Fund.