NeighborWorks Capital closed a $500,000 mini permanent loan with Nevada HAND in December 2018. Our loan allowed Nevada HAND to refinance their mortgage on Stewart Pines II without a prepayment penalty AND at a lower interest rate. Stewart Pines II has forty-nine apartments for low-income seniors in Las Vegas, NV. The building includes the following amenities: computer center with free high-speed Internet, free transportation services, secured access entry, 24-hour energy maintenance, covered parking, a fitness center, library, on-site laundry facilities, and extensive landscaping with seating in the garden areas. In the last five years, Nevada HAND has developed eight new communities with 804 apartments, and completed the acquisition and rehab of a 90-apartment senior property.
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.