Zion Crossing Predevelopment | MHAGH
NeighborWorks Capital is pleased to extend an $882,400 predevelopment loan to Mutual Housing Association of Greater Hartford for Zion Crossing, a proposed 95-unit scattered site affordable apartment development located in Hartford, CT. Zion Crossing will include units in 22 existing buildings within a ½ mile radius. Brick Hollow Apartments is a 50-unit apartment complex, Zion Street Mutual Housing has 24 apartments, and seven smaller properties will comprise 21 additional apartments.
Prospect House | Neighborhood Development Services
Neighborhood Development Services (NDS) recently closed a $752,482 permanent loan with NeighborWorks Capital for Prospect House in Ravenna, OH. By refinancing at an affordable interest rate, NDS will be able to keep 66 apartments affordable for low- and very low-income seniors. NDS purchased and rehabilitated the property in 2007 using LIHTC equity and state/local subsidy loans, which have been maintained through this refinancing.
Mutual Housing California | Mutual on the Boulevard
NeighborWorks Capital is pleased to extend a $1,000,000 permanent loan to Mutual Housing California for Mutual on the Boulevard, a newly constructed 127-unit affordable multifamily project in Sacramento, CA.
RuralEdge Helps Vulnerable Communities Weather Multiple Crises
Many areas are experiencing housing shortages right now, but few are as challenged as northeast Vermont, known as the Northeast Kingdom. A search for short-term or rental housing turns up nothing. No affordable housing, no market housing. Nothing.
New Kensington CDC
New Kensington Community Development Corporation (NKCDC) is a community-driven, trauma-informed, and equity-focused nonprofit. They provide real estate development, housing counseling, small business assistance, corridor cleaning, workforce development, nutrition education, and community health resources to residents and businesses across the Kensington, Port Richmond, and Fishtown neighborhoods of Philadelphia, PA.
People’s Self-Help Housing
$1.7 Million in Acquisition Loans Will Help Provide Affordable Homes in Rural Santa Barbara County
Quaker Arts building
$2.2 million to help preserve affordable and special needs apartments in Wilmington, DE
Millrace Kitchen
NeighborWorks Blackstone River Valley, which serves northern Rhode Island, requested a $750,000 loan to leverage other funding sources to create a mixed-use development with residential and commercial office space in Warren’s Island Place Historic District. The Millrace Kitchen & Event Space is named after the property’s history as a series of former mill buildings, the development would provide space for the completion of a licensed commercial kitchen, an outdoor market, pop-up retail space, co-working offices and event space to support local entrepreneurs and generate new revenues.
The Heart and Soul of Affordable Housing in Boulder County, CO
Founded in 1985, Thistle Community Housing (Thistle) is a non-profit organization that develops, manages, and preserves quality, permanently affordable rental and ownership homes for moderate and lower-income individuals and families in Boulder and the surrounding areas.
Ribbon Row | Mutual Housing
Congratulations to Mutual Housing Association of Greater Hartford, Inc. (MHAGH) on the grand opening of Ribbon Row Mutual Housing. Along with preserving 88 units of affordable housing, Ribbon Row is also a historic preservation project that blends energy efficiency improvements to reduce utility costs and improve sustainability. It is a transit-oriented development within walking distance of bus service and commuter train stations, and increased lighting, new fencing and additional landscaping all improve resident safety and enjoyment.