NeighborWorks Capital funded a $425,000 stabilization loan with NeighborWorks Blackstone River Valley (NWBRV) in October 2020. This stabilization loan will be used to bridge the receipt of reimbursement from development (infrastructure and acquisition) financing for Phase 4 of Fernwood, a 30-home self-help development in Burriville, Rhode Island, that has been delayed in starting due to the impacts of COVID-19. The start date of Phase 4 has been pushed back to the first half of 2021, after the third phase was delayed by six months in 2020 due to COVID-19.
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.
