NeighborWorks Capital closed a $6,307,000 refinance of a previous acquisition and predevelopment loan with East bay Asian Local Development Corporation (EBALDC) in September 2019. Our loan will give EBADLC the funds to increase NC’s existing $4,155,000 acquisition loan that initially closed in 2017 as the project has changed. The West Grand & Brush project in Oakland, California will incorporate some supportive-housing tenant and updating the design. This project will provide deep affordability in one of the most expensive rental markets in the US, with more than half of the apartments restricted to households at 20% and 30% of AMI.
Chief of Consulting
The Chief of Consulting (CC) is a member of the senior management team and has overall responsibility for the startup and buildout of a consulting business focused on the affordable housing and community development industry. The CC will need to be an entrepreneur at heart but also be able to work as part of a team. The CC is a critical strategic partner for the Chief Executive Officer (CEO) and will report directly to the CEO.