Congratulations to our customers that closed on loans in the second quarter of 2023! We are pleased to announce that People’s Self-Help Housing, NeighborWorks New Horizons, REACH Community Development, NeighborGood Partners, Coachella Valley Housing Coalition, Nuestra Comunidad, Comité de Bien Estar, Mutual Housing California, Midwest Minnesota Community Development Corporation, Eden Housing, and NewVue Communities all recently closed on loans with NeighborWorks Capital. These loans represent a $18,860,275 investment in affordable housing and community development projects for the quarter. Thank you for choosing NeighborWorks Capital, and we are honored to be able to support your important work.
NeighborWorks Capital Deploys $22 Million to Fund Permanent Multifamily Loans in Partnership with Charles Schwab Bank
On August 30, 2022, NeighborWorks Capital received its largest investment to date, a $25 million facility from Charles Schwab Bank to fund permanent multifamily loans. One year later, NeighborWorks Capital is pleased to report that 90% of the facility has been utilized and $22 million of long-term, fixed-rate permanent financing has been deployed to members of the NeighborWorks network.