Way Finders closed on a $3,000,000 enterprise loan that will help capitalize the organization’s internal fund to support predevelopment and acquisition activities for affordable housing development in central and western Massachusetts. With six projects already in their pipeline, Way Finders will use the funding for design and engineering work, preparatory site work, environmental assessments, and the purchase of land for existing and future projects.
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.