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
Kiva Apartments
Preserve 64 naturally-occurring affordable apartments for residents earning below 80% of area median income
Fifth Ward CRC Expands Single-Family Homeownership in Houston
After the back-to-back challenges of Hurricane Harvey, the COVID pandemic, and Texas’s February 2021 winter storms, Fifth Ward Community Redevelopment Corporation is looking to the future. They aim to build nearly 30 affordable homes for families in the next two years.
Meeker Commons | Rocky Mountain Communities
Rocky Mountain Communities (RMC) recently closed on a $4,838,867 permanent loan with NeighborWorks Capital for Meeker Commons in Greeley, CO. The 104-unit property is a key element of affordable housing in the city of Greeley, and NeighborWorks Capital’s new 10-year loan will repay existing bank and redevelopment agency financing, allowing the city to invest in new affordable developments.
Community Housing Improvement Program (CHIP) | East of Eaton
NeighborWorks Capital is pleased to extend a $19,000,000 construction loan, in participation with Century Housing, to the Community Housing Improvement Program (CHIP). The funds will be used to rehabilitate the East of Eaton townhome community in Chico, CA.
Gulf Coast Housing Partnership (GCHP) | Phoenix Square 2-3
NeighborWorks Capital is pleased to participate with the Federation of Appalachian Housing Enterprises (FAHE) to extend 2 loans of $5,850,000 and $5,800,000 to Gulf Coast Housing Partnership (GCHP) for the construction of Phoenix Square Apartments phases 2 and 3.