Community Partners of South Florida (CPSFL) closed on a $1,800,000 permanent loan to acquire and rehabilitate a 20-unit apartment complex in West Palm Beach, FL. The organization has been renting the building for its transitional housing program that provides wrap around services, including therapy, to individuals with a documented mental health diagnosis. When the previous owners planned to sell the complex, CPSFL decided to acquire the property to preserve the supportive housing units. The loan from NeighborWorks Capital will be used to cover a portion of the acquisition, which is also being financed by Palm Beach County, and near-term capital needs.
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.