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.
NeighborWorks Capital and National Equity Fund Announce LIHTC Equity Fund to Empower Partner Organizations
The innovative fund, exclusive to members of the NeighborWorks America network, will provide LIHTC equity with equitable, consistent terms, helping create and preserve more affordable housing across the country.