Walden Ponds - an acquisition loan for Charlotte-Mecklenburg Housing Partnership, Inc.
NeighborWorks Capital closed a $1,200,000 acquisition loan with Charlotte-Mecklenburg Housing Partnership, Inc. (CMHP) in October of 2019. Our loan will give CMHP funds to acquire 13.369 acres of a partially developed subdivision called Walden Ponds in Charlotte, North Carolina. This community will include 52 detached single-family homes, with 11 set aside and targeted to buyers with the aid of various down payment assistance programs administered by CMHP’s Homebuyer programs. The remaining 41 homes will be available for buyers in the 80%-120% AMI range. Currently in Charlotte, there is very limited supply of homes affordable homeownership opportunities available, many people that go through CMHP’s homeownership programs are not able to find homes to purchase.
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.
Helping develop affordable housing in high demand in Central California
Peoples’ Self-Help Housing (PSHH) came to us for the first time with back-to-back projects in tough markets, one urban and one rural/agricultural.
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.
Hill Manor- $498,113 participation in an acquisition loan
Updating affordable apartments in Mississippi
Golden Estates- $362,264 acquisition loan
Golden Estates gets a golden upgrade
Participation in Acquisition Loan with HEC
Updating apartments in Mississippi
NC thinks outside-the-box to quickly increase EBALDC’s acquisition and predevelopment line of credit
Tailored, flexible solutions help EBALDC meet skyrocketing cost, demand in one of the most expensive markets
Acquisition and predevelopment loan funds cleanup and conversion of former Rhode Island factory
Our $600,000 loan helped NWBRV purchase a historic factory out of bankruptcy. The site will have extensive environmental clean-up, protecting the adjacent Branch River. The loan, our third to NWBRV, supports their ongoing efforts to revitalize the historic towns of the Blackstone River Valley.
Unique Financing Solution Provides Homes for Vulnerable Populations in Colorado
We reconnected with customer Rocky Mountain Communities (RMC) to finance a unique, two-part $3.25 million acquisition and predevelopment loan for two widely separate projects.