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.
Ithaca Neighborhood Housing Service: Land Acquisition
NeighborWorks Capital is pleased to extend a $900,000 acquisition loan to Ithaca Neighborhood Housing Services for the acquisition of a 4.12-acre plot of to-be-developed vacant land in Ithaca, NY.
North Park Senior Apartments
NeighborWorks Capital borrower success story