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.
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.