DreamKey Partners closed on a $2,840,000 construction loan for Vantage Pointe Townhomes in Charlotte, NC. The Charlotte-Mecklenburg area has seen tremendous growth and a dramatic increase in home prices, and to address these challenges, DreamKey Partners has taken on several homeownership opportunities to help families that are being priced out of the market. The construction loan from NeighborWorks Capital will provide the financing DreamKey Partners needs to build 12 affordable homes for families at or below 80% of AMI.
NeighborWorks Capital and National Equity Fund Announce LIHTC Equity Fund to Empower Partner Organizations
The innovative fund, exclusive to members of the NeighborWorks America network, will provide LIHTC equity with equitable, consistent terms, helping create and preserve more affordable housing across the country.