Smaller scale projects still make a significant impact on families who struggle with affordable housing options.
All of us are seeing the impact of the shutdown in our communities – impacting homeowners, renters, friends, neighbors, and the organizations that are critical to delivering services and affordable housing. NeighborWorks Capital is here to provide some assistance. NC is offering short-term bridge loans to NeighborWorks network members who are experiencing delays in funding or reimbursements from federal contracts or grants for affordable housing programs (Section 8 and RHS rental assistance, capital funding for construction, and other rental or single-family programs) or that assist people or partners in your community.
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
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.
With its Wilmington addiction treatment facility under pressure to relocate, leading provider Gaudenzia needed a new facility.
Find out how we helped them with a $3.15 million acquisition loan.
Find out how our quick turnaround helped them get the financing they needed.
Flexible financing got Spruce Ridge under construction
We are pleased to welcome Tayani Suma and Fred Dodson, Jr.
We are proud to work with Lawrence CommunityWorks in Massachusetts to transform a former mill into into a mixed use development.
Revitalization of historic building expected to spur downtown development in Jackson, MS.
Tailored, flexible solutions help EBALDC meet skyrocketing cost, demand in one of the most expensive markets
Our 11th predevelopment loan to Homeport builds much-needed homes for seniors
NeighborWorks America has awarded NeighborWorks Capital $2.3 million in operating and capital grants to support the expansion of the loan fund.
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.
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.
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
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.
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.
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.
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.
NC welcomes new customer Oak Hill CDC.
- Addiction Treatment Facility
- Bridge loan
- Enterprise-level Capital
- Manufactured housing
- Mixed use
- Permanent loan
- Senior Housing
- Single-family loans
- Stephen Peelor
- Strategic Growth Fund
- Strategic Plan
- Strength Matters
- Subordinate Financing
- Subordinate Loan
- Workforce Housing