572014 NeighborWorks Capital Announces

httpus2campaign-archive1comu=7a3d73beb1409669ff3304037ampid=b65270e4f3ampe=[UNIQID] 14

Announcements from NeighborWorks Capital

Helping make the vision of community a reality

View this email in your browser

Customer Profile AHEAD

Project Better Homes

This is NeighborWorks Capitalrsquos (NC) second loan to a project

sponsored by Affordable Housing Education amp Development

Inc (AHEAD) This $700000 interim-development loan

structured as a development line of credit will be used for

ldquoBetter Homes AHEADrdquo an initiative to provide high-quality

energy efficient factory-built homes for sale to low- and

moderate-income households in partnership with NEXTSTEP

US Over the first 3 years it is anticipated that a total of 25 homes will be sold to qualified

homebuyers in New Hampshire Maine and Vermont

Website wwwhomesaheadorg

Customer Profile AAFE

Project Union Street

Subscribe Share Past Issues Translate

572014 NeighborWorks Capital Announces

httpus2campaign-archive1comu=7a3d73beb1409669ff3304037ampid=b65270e4f3ampe=[UNIQID] 24

This $517000 interim development loan to Asian Americans for

Equality Inc (AAFE) will be used to bridge a capital grant from the

New York City Economic Development Agency for the acquisition and

renovation of 35-34 Union Street a commercial property located in

Flushing New York to provide office space for several of AAFErsquos

social service programs

Website wwwaafeorg

Customer Profile NHS of New Haven

Project Affordable Housing Development

This is NCrsquos first loan to a project sponsored by

Neighborhood Housing Services of New Haven (NHS-NH) in

New Haven Connecticut The proceeds of this interim

development loan will be used as a 4-year $1000000

project-based line of credit to support the Affordable Housing

Development Program (AHDP) Through AHDP it is expected

that at least 40 vacant homes will be acquired and renovated

by NHS of New Haven in targeted neighborhoods over the

next several years for re-sale to qualified homebuyers

Website wwwnhsofnewhavenorg

Customer Profile St Ambrose Housing Aid Center

Project Buena Vista Apartments

This is NCrsquos first loan to a project sponsored by St

Ambrose Housing Aid Center in Baltimore Maryland This

$165000 interim development loan will be used to bridge

a grant from the Maryland Energy Administration for

energy efficiency improvements to the 54-unit Buena

Vista Apartments project in Baltimore Maryland

Website wwwstambrosorg

WE CONGRATULATE

572014 NeighborWorks Capital Announces

httpus2campaign-archive1comu=7a3d73beb1409669ff3304037ampid=b65270e4f3ampe=[UNIQID] 34

CommonBond Communities and the Tallcorn Towers development located in

Marshalltown Iowa for being featured on the cover of Novogradac Journal of Tax Credits

and being nominated for the Affordable Housing Financersquo Readers Choice Awards NC is

proud to be a financing partner with CommonBond in this exciting and important

development

Website wwwcommonbondorg

NeighborWorks Capital staff will be attending

the upcoming

NeighborWorks America

Training Institute

in Louisville KY

from May 19-23 2014

If you would like to schedule a meeting to discuss your financing needs or

project pipeline please contact

John Maneval Director of Lending

jmanevalneighborworkscapitalorg

Phone at 240-821-1651 ext 204 or 301-789-6856

Visit us at w w w neighborw orkscapitalorg

Our mailing address isNeighborWorks Capital8484 Georgia Avenue Suite 330Silver Spring MD 20910

Add us to your address bookunsubscribe from this list update subscription preferences

572014 NeighborWorks Capital Announces

httpus2campaign-archive1comu=7a3d73beb1409669ff3304037ampid=b65270e4f3ampe=[UNIQID] 44