NeighborWorks Capital funded a $3,049,000 construction loan with DevNW (formerly known as Willamette Neighborhood Housing Services) in December. This loan will assist DevNW with the construction of 18 homes in Oregon. This rural single-family for-sale land trust project consists of scattered sites, 6 in Cottage Grove and 12 in Florence. The trust (land, infrastructure, etc.) is funded with a silent loan from Oregon Housing and Community Services and the NWC loan will assist with the buildings themselves. Each home will be sold to a low-income family, at or below 80% AMI.
NeighborWorks Capital Partners with Climate United to Build National CDFI Channel for Greenhouse Gas Reduction Fund Multifamily Lending
We are thrilled that Climate United has been selected to receive nearly $7 billion of funding from the EPA’s Greenhouse Gas Reduction Fund (GGRF). NeighborWorks Capital is proud to partner with Climate United to build a national CDFI channel for GGRF multifamily lending and to engage in market building to ensure funds reach underserved communities.
