Predevelopment

Fifth Avenue Committee to Bring the First Affordable Housing Development in a Decade to Sunset Park, Brooklyn

Fifth Avenue Committee (FAC)’s latest development will bring affordable homes for seniors to Brooklyn’s Sunset Park for the first time in nearly a decade.

“The housing crisis is especially acute for low-income seniors, so we wanted to focus on providing homes for them,” said FAC Project Manager Vincent DeCesare.

The proposed project would provide 84 affordable apartments for very-low income seniors in the immigrant-dense neighborhood southwest of Park Slope and Red Hook. Fifth Avenue Committee reached out to NeighborWorks Capital for a $400,000 loan for predevelopment costs for the new construction and rehab project in advance of securing a LIHTC allocation.

Neighborhood focus eases development path

MHAGH breaks ground this week, adding to the nearly 200 affordable homes it’s developed in the Connecticut neighborhood it began in 30 years ago

A little security goes a long way

How NeighborWorks Capital is helping affordable housing organizations access larger, undersecured loans for big projects

462 Green - $650,000 Predevelopment loan

Helping Chinatown CDC rehabilitate a building in San Francisco

$400,000 Predevelopment Loan with First-Time NC customer FAC

High Impact Housing in Brooklyn, NY

NeighborWorks Capital’s Flexibility Helps ACOF Provide Affordable Homes for Families and Individuals with Special Needs

NC recently helped ACOF, one of the largest nonprofit affordable housing developers in Los Angeles County, by extending its $2 million acquisition loan and funding $500,000 in new predevelopment financing.

$1,500,000 Predevelopment line of credit for RUPCO

High Impact Redevelopment in Hudson Valley with RUPCO

$300,000 Predevelopment line of credit for LRCD

Helping LRCD create affordable housing options in New Hampshire

Fast turnaround provides much-needed inventory of affordable homes in Boulder, CO

Find out how we helped them with a $3.15 million acquisition loan.

A Predevelopment Loan helps Chinatown CDC rehabilitate Hamlin Hotel

Affordable Housing in San Francisco gets a significant renovation