NeighborWorks Capital purchased a $360,000 participation in a permanent loan with National Council on Agricultural Life and Labor Research Fund, Inc (NCALL) for Gaudenzia Foundation in May 2020. The first position lender, Citizens Bank, requested that NCALL purchase their loan. Gaudenzia provides housing and services to individuals seeking mental health and drug and alcohol treatment. This loan is part of $5 million in financing for the acquisition and renovation of a vacant office building into a 26-unit transitional housing and addiction rehab center for single men (16 units) and single women with children (10 units).
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.