Property acquired provides much needed affordable rental housing

NeighborWorks Capital closed a $410,000 permanent loan with CDC of Brownsville in May 2019. Our loan will give CDC of Brownsville the funds to acquire and preserve Vista de Luna Apartments in Southern Texas. Vista de Luna is a 12-apartment property that will serve low income families at 50-80% AMI, providing much needed affordable rental housing in a deeply impoverished community.   Built in 1982, these single bed and bathroom apartments feature central air conditioning, stove, refrigerator, dishwasher, tile/carpet floors, and balcony.