730 in loans and investments totaling $42.5 million in the district in 2022
Stories from the District
$15 MM Construction Loan & $3.3 MM Permanent Loan Creates the 86-unit Valley View Apartments in San Luis, Arizona
San Luis,
Arizona
Community Housing Capital
Community Housing Capital (CHC) has provided Comite de Bien Estar (Comite) over $55 million in lending capital since 2009, including $27 million in Single-Family lending and $28 million for predevelopment, land acquisition, multi-family construction, and permanent lending. In its most recent project with Comite - the Valley View Apartments, CHC has been Comite's lending partner from the project's inception.
60 Homes for seniors and chronically homeless in Yuma, AZ
Yuma,
Arizona
Community Housing Capital
San Luis, Arizona, a rural border town in the southwestern corner of the state, has experienced rapid growth over the past six years, especially among seniors. Comite de Bien Estar (Comite), a NeighborWorks network member building quality, affordable homes in San Luis, Arizona, received a $225,000 Predevelopment Bridge Loan from Community Housing Capital's (CHC) Capital Magnet Funds in 2016.
A $5.5 million source loan and $8 million NMTC allocation to Comite de Bien Estar Inc. for its Bienestar 10 Townhouses project. This initiative aims to construct 30 energy-efficient two- and three-bedroom townhomes in San Luis, Arizona. At least 60% of the homes will be sold to buyers at or below 80% of the Area Median Income (AMI). Part of this: This investment will finance the acquisition, construction or rehabilitation and sale of 91 homes s in Indianapolis, IN, San Luis, AZ, Tampa, FL and Baltimore, MD. The development of these homes will increase the stock of quality, affordable for-sale housing for low-to-moderate-income families, creating wealth building opportunities for working-class families.
Just steps from the U.S.-Mexico border, Bowman Senior Residences has removed blight and replaced two century-old properties with service-enriched affordable housing in downtown Nogales, Ariz.
Cherrybell Health Center – El Rio Santa Cruz Neighborhood Health Center
Tucson,
Arizona
Corporation for Supportive Housing
In 2018, Corporation for Supportive Housing provided financing El Rio Santa Cruz Neighborhood Health Center to finance the construction of the Cherrybell Health Center in Tucson, Arizona.
