Predevelopment Line of Credit | Providence Community Housing

Share This Post

Providence Community Housing recently closed on a $2,000,000 revolving predevelopment line of credit to support six pipeline projects in New Orleans, LA. The six projects include preservation of four properties that are exiting Year 15 (more than 600 affordable apartments) and new construction of 183 affordable apartments for families and seniors on the former BW Cooper public housing site. This was NeighborWorks Capital’s first loan to Providence, who joined the NeighborWorks America network in 2021. 

Learn more about NeighborWorks Capital’s competitively priced, fixed-rate loan capital that is available to members of the NeighborWorks network. Visit our lending solutions page for more information. 

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 »