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NeighborWorks Capital Corporation

NeighborWorks Capital
1100 Wayne Avenue, Suite 610
Silver Spring, MD 20910

Contact: Jim Ferris, Executive Director
Phone: 240-821-1651
Fax: 240-821-1652
NeighborWorks Capital Corporation

NeighborWorks® Capital is a national, certified Community Development Financial Institution, providing critical early stage project financing to more than 235 NeighborWorks® member organizations engaged in the development of real estate development projects across the country including single and multifamily affordable housing and commercial projects.

Distributed across all 50 states, this network includes a diverse array of nonprofit, mission-driven organizations engaged in housing development, economic development, neighborhood revitalization, and community services in urban and rural communities.


Predevelopment loans are a source of low-cost, flexible capital that can be used during the early stage of the development process. They reduce project carrying costs and ultimately assist NeighborWorks® members in keeping their projects affordable for tenants. These short-term loans are used by members to pay for purchase options, architecture and engineering work, environmental testing, market studies, and other such costs associated with designing and advancing a project. Loan amounts can be up to $200,000 with a maximum loan term of 30 months. Loans are made on a recourse basis with flexible collateral requirements and are repayable upon closing of interim, construction or permanent financing.

Interim Development loans are used by members to acquire and hold properties. These short-term loans permit members to purchase building sites, do critical repairs and then arrange for the construction and permanent financing needed for project completion. Interim development loan amounts may be up to $1.5 million with a maximum loan term of 36 months, renewable for an additional 24 months. Loans are made on a recourse basis with a strong preference for mortgage or other collateral. The loans are repayable upon closing of construction or permanent financing.

Client Population

NC's customers do business in all 50 states and Puerto Rico. The majority of housing projects developed by the network members and financed by NC are designed to be affordable to low and very low-income households including working families, the elderly, the homeless and special needs populations. Non-housing real estate projects are also developed to serve low-moderate income communities which provide critical business, services or employment opportunities.


At the end of 2008 NeighborWorks® Capital, through its predecessor organizations, had supported the network members in the creation or preservation of more than 5,700 units of for-sale and rental housing and 228,000 square feet of commercial and community space.

To date, NC's loan volume of $35 million provided critical predevelopment loan capital to start important community projects throughout the country, allowing these organizations to assemble more than $700 million in permanent financing (20:1 leverage) with bank and government partners to complete these projects. The communities that have benefited are 32% urban, 22% suburban, and 46% rural.


NeighborWorks Capital Corporation
NWCC committed $750,000 to Neighborhood Development Services (NDS) for the purchase of Hudson Properties, a portfolio of 14 affordable housing properties located in northeast Ohio. Bill Hale, NDS President, noted “Affordable units are the most challenging to develop, and often the only housing choice in rural areas.” Despite the difficulties, with the support of NCC, NDS was able to make a difference in the lives of the elderly and families in need of affordable housing. Full Story

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