For the 20th year, NeighborWorks America is investing in our growth to support the financing needs of the NeighborWorks network. The NeighborWorks board and officers have approved a $2.4 million capital grant which we will leverage with $15 million in additional capital. Their continued equity investment has leveraged over $110 million in capital to date and will attract more investments to our CDFI to meet our five-year goal of doubling our lending capital. The board and staff of NeighborWorks Capital appreciate the continued partnership.
NeighborWorks Capital and National Equity Fund Announce LIHTC Equity Fund to Empower Partner Organizations
The innovative fund, exclusive to members of the NeighborWorks America network, will provide LIHTC equity with equitable, consistent terms, helping create and preserve more affordable housing across the country.