Post on 12-Mar-2016
description
9/11/13 Points of Impact from NeighborWorks Capital
us2.campaign-archive2.com/?u=7a3d73beb1409669ff3304037&id=d8bf2e7458&e=42f554c858 1/4
NEWSLETTER FROM NEIGHBORWORKS CAPITAL | AUGUST, 2013 View this email in your browser
In this issue:
NC provides fast, affordable and flexible financing to 3 NWOs
NC has a vision of the future
NC heads to the City of Brotherly Love for the NW NTI
Loree Lamour joins NC team as Office Administrator
NC provides fast, affordable and flexible financing to 3 members of the
NeighborWorks Network. We thank the following NWOs for their recent
business:
Community HousingWorks – Azusa, CA
NC partnered with Mercy Loan Fund, Partners
for the Common Good and the National Housing
Trust Community Development Fund to provide
Community HousingWorks with a $6,500,000
loan to assist in the $18 million acquisition of
Azusa Apartments, an existing affordable rental
project located east of Los Angeles in Azusa, California. Azusa is a garden-style complex
of 88 one-, two-, three-, and four-bedroom units, and provides critically-needed project-
based rental assistance to residents. This is NC’s fourth loan with CHW.
Subscribe Share Past Issues Translate
9/11/13 Points of Impact from NeighborWorks Capital
us2.campaign-archive2.com/?u=7a3d73beb1409669ff3304037&id=d8bf2e7458&e=42f554c858 2/4
MHA of Greater Hartford – Hartford, CT
NC provided a $400,000 predevelopment loan to
Mutual Housing Association of Greater Hartford
for Summit Park, a 42-unit mixed-use rental
development located in Hartford, Connecticut.
Summit Park represents a key component to
MHAGH’s community stabilization strategy
underway in the Frog Hollow neighborhood of
Hartford. This is NC’s fifth loan with MHAGH.
Affordable Housing, Education &
Development – Berlin, NH
With a $325,000 predevelopment loan provided
by NC, Affordable Housing, Education &
Development (AHEAD) is able to to move forward
with Senior Living at Notre Dame located in
Berlin, New Hampshire. The project will provide
33 one-bedroom units of service-enriched
housing to seniors at or below 60% of AMI,
catalyzing this neighborhood’s revitalization. This is NC’s first loan with AHEAD.
To date in 2013, NC has committed and closed financing on 19 predevelopment,
acquisition, construction and mini-perm loans totaling $23.2 million that will
create or preserve 908 apartments and for-sale homes. Learn more about NC’s
attractive suite of lending products by visiting our website at
http://www.neighborworkscapital.org/lending/loan-products
NeighborWorks Capital has a vision for the future.
At its recent retreat the NeighborWorks Capital Board of Directors
approved a new Vision and Mission statement that describes how
the organization will focus its lending efforts in the future.
Vision
America is a nation of vibrant and diverse communities where
everyone is proud to have a place to call home.
Mission
9/11/13 Points of Impact from NeighborWorks Capital
us2.campaign-archive2.com/?u=7a3d73beb1409669ff3304037&id=d8bf2e7458&e=42f554c858 3/4
NeighborWorks Capital delivers the flexible capital needed by NeighborWorks America
affiliates to provide affordable homes and strengthen communities.
The board and staff will be sharing its Goals and Objectives for 2014-2018 in the next
newsletter.
Philadelphia Training Institute
Philadelphia, PA | August 19-23, 2013
NC is headed to Philadelphia, PA – the City of Brotherly Love – for the upcoming
NeighborWorks America NTI. To schedule a meeting in Philly with NC’s Director of
Lending, John Maneval, please email jmaneval@neighborworkscapital.org or call 240-
821-1651, ext. 204, or 301-789-6856.
NC Customer in the News:
Read about the work of NeighborWorks New Horizons in turning around Hill Housing in
New Haven, Connecticut. NC assisted NWNH in acquiring this scattered site rental
property.
Link to article: New Haven Hill Housing
Join us in welcoming our newest NC team member:
Loree Lamour, Office Administrator
Loree joins NC after completion of her Bachelor’s Degree in
Management Studies from the University of Maryland. She brings
more than 15 years of administrative experience to NC, including
meeting planning and marketing experience.
9/11/13 Points of Impact from NeighborWorks Capital
us2.campaign-archive2.com/?u=7a3d73beb1409669ff3304037&id=d8bf2e7458&e=42f554c858 4/4
Visit us at www.neighborworkscapital.org.
Our mailing address is:
NeighborWorks Capital
1100 Wayne Avenue, Suite 610
Silver Spring, MD 20910
Add us to your address book
unsubscribe from this l ist update subscription preferences
Forward to Friend