The Village – Community Partners of South Florida

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.