NeighborWorks Capital funded a $494,000 permanent loan with Mutual Housing Association of Greater Hartford Incorporated (MHA-GH) in December 2020. This loan will finance the acquisition of the Allen Street property in New Britain, Connecticut. The property has a HAP contract which was renewed for 20 years with the closing and will cover all ten apartments. Allen Street was developed in 1992 with a HUD section 202 Direct loan for seniors over 62 years of age and disabled persons.
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.