St. Mary Development Corporation recently increased their existing line of credit from $1.7 million to $2 million for predevelopment activities, including for the Senior Village at Kettering Town Center. The $300,000 increase will allow St. Mary Development Corporation to draw funds for land acquisition and other predevelopment expenses prior to LIHTC construction closing.
NeighborWorks Capital Deploys $500 Million to Catalyze Affordable Housing Development
NeighborWorks Capital has achieved a milestone of $500 million in loan capital deployed to support the affordable housing development, economic development, neighborhood revitalization, and resident and community services work of NeighborWorks network organizations across the United States.