Predevelopment funds to supplement land Acquisition

Share This Post

NeighborWorks Capital closed a predevelopment loan with Peoples’ Self-Help Housing Corporation (PSHH) in April 2020. This loan will assist with the acquisition of approximately 10 acres of vacant land in Santa Barbara County, California. This land will be used for a new construction affordable multifamily project of 75 apartments (including the manager’s apartment). Along with these apartments, a community center building, two playgrounds, half basketball court, community garden, barbecues with covered seating, and landscaped walkways connecting the buildings and community areas will also be constructed.  

Subscribe To Our Newsletter

Stay up to date with NeighborWorks Capital

More To Explore

NeighborWorks Capital Joins Federal Home Loan Bank of Atlanta

NeighborWorks Capital has joined the Federal Home Loan Bank of Atlanta, a cooperative of eligible commercial banks, credit unions, savings institutions, community development financial institutions, and insurance companies that offers competitively-priced financing, as well as affordable housing and community development grants.

Read More »

The Heart and Soul of Affordable Housing in Boulder County, CO

Founded in 1985, Thistle Community Housing is
a non-profit organization and Boulder County’s leading
proponent of permant affordable housing with a mission
to produce, preserve, and protect quality, permanently
affordable rental homes and homeownership opportunities
for moderate and lower-income individuals and families,
seniors, veterans, and people with disabilities.

Read More »