NeighborWorks Capital funded a $685,000 acquisition loan with Codman Square Neighborhood Development Corporation (Codman Square) in February. This acquisition loan allowed them to refinance their current maturing acquisition debt on properties in Dorchester, Massachusetts. Codman Square is in the process of developing 23 affordable apartments in their effort to assist in revitalizing these neighborhood blocks that are near the commuter rail station.
Our team had the opportunity to spend time with five members of NeighborWorks America serving communities in Boston and Providence. On this trip, we visited Codman Square Neighborhood Development Corporation, Nuestra Comunidad Development Corporation, Madison Park Development Corporation, ONE Neighborhood Builders, and Cambridge Neighborhood Apartment Housing Services. Each of these organizations is doing transformational work to create opportunities for people to live in affordable homes, improve their lives, and strengthen their communities.