Zion Crossing Predevelopment

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.

Predevelopment Line of Credit: Piedmont Housing Alliance

NeighborWorks Capital is pleased to extend a $500,000 increase to the existing predevelopment line of credit for Piedmont Housing Alliance (PHA) & National Housing Trust Communities (NHT), bringing the total line of credit extended to $2,000,000. Funds will be used for the substantial redevelopment of Friendship Court, a 150-unit affordable housing complex in downtown Charlottesville, VA.