points of impact from neighborworks capital april 2015

6
NEWSLETTER FROM NEIGHBORWORKS CAPITAL | APRIL 2015 View this email in your browser In this issue: N ew Board Members New NC team member: Senior Loan Officer, Rob Hammock New Loan Products Investor: TD Bank The Primavera Foundation First NetZero Energy Building C ommunity HousingWorks Azusa Apartments Affordable Housing Alliance Bayshore Bungalows NeighborWorks America Training Institute Kansas City, MO May 4 8 New Board Members At its Annual Meeting the NeighborWorks Capital (NC) Board of Directors elected two new members who will also be members of the Finance & Audit Committee. We are pleased to welcome the following industry leaders to the NC team: Subscribe Share Past Issues Translate

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Page 1: Points of impact from neighborworks capital april 2015

552015 Points of Impact from NeighborWorks Capital shy April 2015

httpus2campaignshyarchive2comu=7a3d73beb1409669ff3304037ampid=87dc5831a7ampe=[UNIQID] 16

NEWSLETTER FROM NEIGHBORWORKS CAPITAL | APRIL 2015 View this email in your browser

In this issue

New Board Members New NC team member Senior Loan Officer Rob Hammock New Loan Products Investor TD Bank The Primavera Foundation shy First NetshyZero Energy Building Community HousingWorks shy Azusa Apartments Affordable Housing Alliance shy Bayshore Bungalows NeighborWorks America Training Institute shy Kansas City MO shy May 4 shy 8

New Board Members At its Annual Meeting the NeighborWorks Capital (NC) Board of Directors elected twonew members who will also be members of the Finance amp Audit Committee We arepleased to welcome the following industry leaders to the NC team

Subscribe Share Past Issues Translate

552015 Points of Impact from NeighborWorks Capital shy April 2015

httpus2campaignshyarchive2comu=7a3d73beb1409669ff3304037ampid=87dc5831a7ampe=[UNIQID] 26

Rebecca Regan Executive Vice President and PresidentCapital Markets CompaniesHousing Partnership Network

Becky has over 20 years of banking and lending experienceand has been with HPN since 2011 where she develops andmanages the Networkrsquos capital market relationships raisescapital for HPN social enterprises and oversees its fundraising

and communications activities She also plays a critical role in leading businesscollaboration and peer exchange among the networkrsquos highshyperforming affordablehousing organizations and CDFIs She previously served as chief operating officer forBoston Community Capital and president of its Loan Fund a $125 million loan fundfocused on community development including affordable housing charter schools andhealth centers Prior to joining BCC she held executive real estate lending andmanagement positions with Bank of America and its legacy banks

Website wwwhousingpartnershipnet

Caroline Horton Chief Financial OfficerAeon

Caroline is responsible for Aeonrsquos real estate assetmanagement finance and accounting functions She hasexpertise in developing management systems that ensurethe long‐term viability of assets and monitor organizationalrisk factors Since 2007 Caroline has been a member of the

STRENGTH MATTERS CFO Working Group which has developed a series of whitepapers on external reporting best practices for the nonprofit affordable housing industryCaroline has a degree in accounting and is a CPA She has been with Aeon since 1998a NeighborWorks organization with over 2200 units of affordable rental housing

Website wwwaeonmnorg

New NC team member Senior Loan Officer Rob Hammock

552015 Points of Impact from NeighborWorks Capital shy April 2015

httpus2campaignshyarchive2comu=7a3d73beb1409669ff3304037ampid=87dc5831a7ampe=[UNIQID] 36

Rob Hammock Senior Loan OfficerEmail rhammockneighborworkscapitalorg Office 9802073797

Rob joins NC as Senior Loan Officer and brings over 15years of experience in affordable housing and communitydevelopment finance to NCrsquos Lending Team Rob wasformerly at TIAAshyCREF in their commercial lending divisionand has previously worked at two CDFIs (EnterpriseCommunity Loan Fund and New Jersey Community Capital)

and at Bank of America and Federal Home Loan Bank of Atlanta in their AffordableHousing Program

New Loan Products Long Term Permanent Loans for Small Multifamily Rental Projects

The NC Board has allocated $7 million of equity to capitalize a new loan product to fundlongshyterm permanent loans of up to $2 million for small operating multifamily rentalproperties in response to increasing demand within the NeighborWorks Americanetwork NC anticipates that up to 6 to 10 loans will be funded in this pilot phase Futureexpansion of the product would be considered based on availability of longershytermcapital

View the Product Term Sheet at

httpneighborworkscapitalcomsitesdefaultfilesuploadsdocumentsloansncshysmallshymultifamilyshypropertiespdf

Kresge Foundation Program Related Investment

Kresge Foundation has committed a $5 million Program Related Investment to supportNCrsquos new Strategic Growth Fund (SGF) providing enterpriseshylevel capital toNeighborWorks America member organizations The PRI will be matched with $25million in equity from NC

The goal of the Strategic Growth Fund is to address the enterprise level capital needs ofNeighborWorks America affiliates (NWOs) to position them for future sustainableoperations and financial strength The loan product strives to provide a meaningful andpotentially transformative ldquobusiness equityshylikerdquo resource and to expand the range oforganizations with access to enterprise level capital The fund will target NWOs who can

552015 Points of Impact from NeighborWorks Capital shy April 2015

httpus2campaignshyarchive2comu=7a3d73beb1409669ff3304037ampid=87dc5831a7ampe=[UNIQID] 46

clearly demonstrate specific actions that will improve their parent company financialsustainability and impact in the face of declining housing subsidies More information onthe fund and the invitation process will be coming in June

Investor TD Bank

NC is pleased to have one of its longshyterm investorsrenew its line of credit and increase its investmentfrom $225 to $375 million TD Bank has a strong

commitment to affordable housing and community development Its investment supportsNCrsquos lending in TD Bankrsquos market areas in the Northeast MidshyAtlantic and South

Website wwwtdbankcom

The Primavera Foundation shy First NetshyZero Energy Building Congratulations to The Primavera Foundation for the recent certification of the LasAbuelitas housing complex as Pima County Arizonarsquos first NetshyZero Energy Building Anetshyzero energy building makes all the energy it needs through solar power therebylowering utility bills This project consists of 12 homes a community building and provides housing for families with children It is specifically designed to meet the needs of grandparents caringfor grandchildren NC is pleased to haveprovided construction financing for thisinnovative undertaking Webpage pimagovnetzero

Community HousingWorks shy Azusa Apartments

Congratulations also to Community HousingWorks for the successful transformation of

552015 Points of Impact from NeighborWorks Capital shy April 2015

httpus2campaignshyarchive2comu=7a3d73beb1409669ff3304037ampid=87dc5831a7ampe=[UNIQID] 56

Azusa Apartments in Azusa California Arecent ribbonshycutting was held to celebrate thecompletion of the renovation of this importantaffordable housing resource NC provided aflexible secondshyposition $6500000 bridge loanto CHW to acquire the property whilepermanent financing was assembled to

substantially renovate the property Less than two years later the renovations arecompleted and families in a high cost community in Los Angeles County have animproved property they can call home

Webpage chworksorgazusashypress

Affordable Housing Alliance shy Bayshore Bungalows

Affordable Housing Alliancersquos new initiative is theBayshore Bungalow Programtrade which will provideturnshykey costshyeffective wellshyconstructed homes tothose affected by Hurricane Sandy This programwill also return the equity to homeowners whoseproperties and financial security were destroyed as aresult of Hurricane Sandy For more informationplease click on the link to their website below NC

provided a $1500000 revolving line of credit to support this important project

Webpage bayshorebungalowcom

NeighborWorks America Training InstituteKansas City MO shy May 4 shy 8 2015

552015 Points of Impact from NeighborWorks Capital shy April 2015

httpus2campaignshyarchive2comu=7a3d73beb1409669ff3304037ampid=87dc5831a7ampe=[UNIQID] 66

NeighborWorks Capital staff will be attending theupcoming NeighborWorks America TrainingInstitute in Kansas City from May 4 ndash 8 2015

If you would like to schedule a meeting to discussyour financing needs or project pipeline pleasecontact a member of NCs Lending Team at

John Maneval Director of Lendingjmanevalneighborworkscapitalorg

Phone at 240shy821shy1651 ext 204 or 301shy789shy6856

Ingrid Avots Senior Loan OfficeriavotsneighborworkscapitalorgPhone at 240shy821shy1651 ext 206

Rob Hammock Senior Loan OfficerrhammockneighborworkscapitalorgPhone at 980shy207shy3797 or 301shy887shy7889

Visit us at wwwneighborworkscapitalorg

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

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

Forward to Friend

Page 2: Points of impact from neighborworks capital april 2015

552015 Points of Impact from NeighborWorks Capital shy April 2015

httpus2campaignshyarchive2comu=7a3d73beb1409669ff3304037ampid=87dc5831a7ampe=[UNIQID] 26

Rebecca Regan Executive Vice President and PresidentCapital Markets CompaniesHousing Partnership Network

Becky has over 20 years of banking and lending experienceand has been with HPN since 2011 where she develops andmanages the Networkrsquos capital market relationships raisescapital for HPN social enterprises and oversees its fundraising

and communications activities She also plays a critical role in leading businesscollaboration and peer exchange among the networkrsquos highshyperforming affordablehousing organizations and CDFIs She previously served as chief operating officer forBoston Community Capital and president of its Loan Fund a $125 million loan fundfocused on community development including affordable housing charter schools andhealth centers Prior to joining BCC she held executive real estate lending andmanagement positions with Bank of America and its legacy banks

Website wwwhousingpartnershipnet

Caroline Horton Chief Financial OfficerAeon

Caroline is responsible for Aeonrsquos real estate assetmanagement finance and accounting functions She hasexpertise in developing management systems that ensurethe long‐term viability of assets and monitor organizationalrisk factors Since 2007 Caroline has been a member of the

STRENGTH MATTERS CFO Working Group which has developed a series of whitepapers on external reporting best practices for the nonprofit affordable housing industryCaroline has a degree in accounting and is a CPA She has been with Aeon since 1998a NeighborWorks organization with over 2200 units of affordable rental housing

Website wwwaeonmnorg

New NC team member Senior Loan Officer Rob Hammock

552015 Points of Impact from NeighborWorks Capital shy April 2015

httpus2campaignshyarchive2comu=7a3d73beb1409669ff3304037ampid=87dc5831a7ampe=[UNIQID] 36

Rob Hammock Senior Loan OfficerEmail rhammockneighborworkscapitalorg Office 9802073797

Rob joins NC as Senior Loan Officer and brings over 15years of experience in affordable housing and communitydevelopment finance to NCrsquos Lending Team Rob wasformerly at TIAAshyCREF in their commercial lending divisionand has previously worked at two CDFIs (EnterpriseCommunity Loan Fund and New Jersey Community Capital)

and at Bank of America and Federal Home Loan Bank of Atlanta in their AffordableHousing Program

New Loan Products Long Term Permanent Loans for Small Multifamily Rental Projects

The NC Board has allocated $7 million of equity to capitalize a new loan product to fundlongshyterm permanent loans of up to $2 million for small operating multifamily rentalproperties in response to increasing demand within the NeighborWorks Americanetwork NC anticipates that up to 6 to 10 loans will be funded in this pilot phase Futureexpansion of the product would be considered based on availability of longershytermcapital

View the Product Term Sheet at

httpneighborworkscapitalcomsitesdefaultfilesuploadsdocumentsloansncshysmallshymultifamilyshypropertiespdf

Kresge Foundation Program Related Investment

Kresge Foundation has committed a $5 million Program Related Investment to supportNCrsquos new Strategic Growth Fund (SGF) providing enterpriseshylevel capital toNeighborWorks America member organizations The PRI will be matched with $25million in equity from NC

The goal of the Strategic Growth Fund is to address the enterprise level capital needs ofNeighborWorks America affiliates (NWOs) to position them for future sustainableoperations and financial strength The loan product strives to provide a meaningful andpotentially transformative ldquobusiness equityshylikerdquo resource and to expand the range oforganizations with access to enterprise level capital The fund will target NWOs who can

552015 Points of Impact from NeighborWorks Capital shy April 2015

httpus2campaignshyarchive2comu=7a3d73beb1409669ff3304037ampid=87dc5831a7ampe=[UNIQID] 46

clearly demonstrate specific actions that will improve their parent company financialsustainability and impact in the face of declining housing subsidies More information onthe fund and the invitation process will be coming in June

Investor TD Bank

NC is pleased to have one of its longshyterm investorsrenew its line of credit and increase its investmentfrom $225 to $375 million TD Bank has a strong

commitment to affordable housing and community development Its investment supportsNCrsquos lending in TD Bankrsquos market areas in the Northeast MidshyAtlantic and South

Website wwwtdbankcom

The Primavera Foundation shy First NetshyZero Energy Building Congratulations to The Primavera Foundation for the recent certification of the LasAbuelitas housing complex as Pima County Arizonarsquos first NetshyZero Energy Building Anetshyzero energy building makes all the energy it needs through solar power therebylowering utility bills This project consists of 12 homes a community building and provides housing for families with children It is specifically designed to meet the needs of grandparents caringfor grandchildren NC is pleased to haveprovided construction financing for thisinnovative undertaking Webpage pimagovnetzero

Community HousingWorks shy Azusa Apartments

Congratulations also to Community HousingWorks for the successful transformation of

552015 Points of Impact from NeighborWorks Capital shy April 2015

httpus2campaignshyarchive2comu=7a3d73beb1409669ff3304037ampid=87dc5831a7ampe=[UNIQID] 56

Azusa Apartments in Azusa California Arecent ribbonshycutting was held to celebrate thecompletion of the renovation of this importantaffordable housing resource NC provided aflexible secondshyposition $6500000 bridge loanto CHW to acquire the property whilepermanent financing was assembled to

substantially renovate the property Less than two years later the renovations arecompleted and families in a high cost community in Los Angeles County have animproved property they can call home

Webpage chworksorgazusashypress

Affordable Housing Alliance shy Bayshore Bungalows

Affordable Housing Alliancersquos new initiative is theBayshore Bungalow Programtrade which will provideturnshykey costshyeffective wellshyconstructed homes tothose affected by Hurricane Sandy This programwill also return the equity to homeowners whoseproperties and financial security were destroyed as aresult of Hurricane Sandy For more informationplease click on the link to their website below NC

provided a $1500000 revolving line of credit to support this important project

Webpage bayshorebungalowcom

NeighborWorks America Training InstituteKansas City MO shy May 4 shy 8 2015

552015 Points of Impact from NeighborWorks Capital shy April 2015

httpus2campaignshyarchive2comu=7a3d73beb1409669ff3304037ampid=87dc5831a7ampe=[UNIQID] 66

NeighborWorks Capital staff will be attending theupcoming NeighborWorks America TrainingInstitute in Kansas City from May 4 ndash 8 2015

If you would like to schedule a meeting to discussyour financing needs or project pipeline pleasecontact a member of NCs Lending Team at

John Maneval Director of Lendingjmanevalneighborworkscapitalorg

Phone at 240shy821shy1651 ext 204 or 301shy789shy6856

Ingrid Avots Senior Loan OfficeriavotsneighborworkscapitalorgPhone at 240shy821shy1651 ext 206

Rob Hammock Senior Loan OfficerrhammockneighborworkscapitalorgPhone at 980shy207shy3797 or 301shy887shy7889

Visit us at wwwneighborworkscapitalorg

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

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

Forward to Friend

Page 3: Points of impact from neighborworks capital april 2015

552015 Points of Impact from NeighborWorks Capital shy April 2015

httpus2campaignshyarchive2comu=7a3d73beb1409669ff3304037ampid=87dc5831a7ampe=[UNIQID] 36

Rob Hammock Senior Loan OfficerEmail rhammockneighborworkscapitalorg Office 9802073797

Rob joins NC as Senior Loan Officer and brings over 15years of experience in affordable housing and communitydevelopment finance to NCrsquos Lending Team Rob wasformerly at TIAAshyCREF in their commercial lending divisionand has previously worked at two CDFIs (EnterpriseCommunity Loan Fund and New Jersey Community Capital)

and at Bank of America and Federal Home Loan Bank of Atlanta in their AffordableHousing Program

New Loan Products Long Term Permanent Loans for Small Multifamily Rental Projects

The NC Board has allocated $7 million of equity to capitalize a new loan product to fundlongshyterm permanent loans of up to $2 million for small operating multifamily rentalproperties in response to increasing demand within the NeighborWorks Americanetwork NC anticipates that up to 6 to 10 loans will be funded in this pilot phase Futureexpansion of the product would be considered based on availability of longershytermcapital

View the Product Term Sheet at

httpneighborworkscapitalcomsitesdefaultfilesuploadsdocumentsloansncshysmallshymultifamilyshypropertiespdf

Kresge Foundation Program Related Investment

Kresge Foundation has committed a $5 million Program Related Investment to supportNCrsquos new Strategic Growth Fund (SGF) providing enterpriseshylevel capital toNeighborWorks America member organizations The PRI will be matched with $25million in equity from NC

The goal of the Strategic Growth Fund is to address the enterprise level capital needs ofNeighborWorks America affiliates (NWOs) to position them for future sustainableoperations and financial strength The loan product strives to provide a meaningful andpotentially transformative ldquobusiness equityshylikerdquo resource and to expand the range oforganizations with access to enterprise level capital The fund will target NWOs who can

552015 Points of Impact from NeighborWorks Capital shy April 2015

httpus2campaignshyarchive2comu=7a3d73beb1409669ff3304037ampid=87dc5831a7ampe=[UNIQID] 46

clearly demonstrate specific actions that will improve their parent company financialsustainability and impact in the face of declining housing subsidies More information onthe fund and the invitation process will be coming in June

Investor TD Bank

NC is pleased to have one of its longshyterm investorsrenew its line of credit and increase its investmentfrom $225 to $375 million TD Bank has a strong

commitment to affordable housing and community development Its investment supportsNCrsquos lending in TD Bankrsquos market areas in the Northeast MidshyAtlantic and South

Website wwwtdbankcom

The Primavera Foundation shy First NetshyZero Energy Building Congratulations to The Primavera Foundation for the recent certification of the LasAbuelitas housing complex as Pima County Arizonarsquos first NetshyZero Energy Building Anetshyzero energy building makes all the energy it needs through solar power therebylowering utility bills This project consists of 12 homes a community building and provides housing for families with children It is specifically designed to meet the needs of grandparents caringfor grandchildren NC is pleased to haveprovided construction financing for thisinnovative undertaking Webpage pimagovnetzero

Community HousingWorks shy Azusa Apartments

Congratulations also to Community HousingWorks for the successful transformation of

552015 Points of Impact from NeighborWorks Capital shy April 2015

httpus2campaignshyarchive2comu=7a3d73beb1409669ff3304037ampid=87dc5831a7ampe=[UNIQID] 56

Azusa Apartments in Azusa California Arecent ribbonshycutting was held to celebrate thecompletion of the renovation of this importantaffordable housing resource NC provided aflexible secondshyposition $6500000 bridge loanto CHW to acquire the property whilepermanent financing was assembled to

substantially renovate the property Less than two years later the renovations arecompleted and families in a high cost community in Los Angeles County have animproved property they can call home

Webpage chworksorgazusashypress

Affordable Housing Alliance shy Bayshore Bungalows

Affordable Housing Alliancersquos new initiative is theBayshore Bungalow Programtrade which will provideturnshykey costshyeffective wellshyconstructed homes tothose affected by Hurricane Sandy This programwill also return the equity to homeowners whoseproperties and financial security were destroyed as aresult of Hurricane Sandy For more informationplease click on the link to their website below NC

provided a $1500000 revolving line of credit to support this important project

Webpage bayshorebungalowcom

NeighborWorks America Training InstituteKansas City MO shy May 4 shy 8 2015

552015 Points of Impact from NeighborWorks Capital shy April 2015

httpus2campaignshyarchive2comu=7a3d73beb1409669ff3304037ampid=87dc5831a7ampe=[UNIQID] 66

NeighborWorks Capital staff will be attending theupcoming NeighborWorks America TrainingInstitute in Kansas City from May 4 ndash 8 2015

If you would like to schedule a meeting to discussyour financing needs or project pipeline pleasecontact a member of NCs Lending Team at

John Maneval Director of Lendingjmanevalneighborworkscapitalorg

Phone at 240shy821shy1651 ext 204 or 301shy789shy6856

Ingrid Avots Senior Loan OfficeriavotsneighborworkscapitalorgPhone at 240shy821shy1651 ext 206

Rob Hammock Senior Loan OfficerrhammockneighborworkscapitalorgPhone at 980shy207shy3797 or 301shy887shy7889

Visit us at wwwneighborworkscapitalorg

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

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

Forward to Friend

Page 4: Points of impact from neighborworks capital april 2015

552015 Points of Impact from NeighborWorks Capital shy April 2015

httpus2campaignshyarchive2comu=7a3d73beb1409669ff3304037ampid=87dc5831a7ampe=[UNIQID] 46

clearly demonstrate specific actions that will improve their parent company financialsustainability and impact in the face of declining housing subsidies More information onthe fund and the invitation process will be coming in June

Investor TD Bank

NC is pleased to have one of its longshyterm investorsrenew its line of credit and increase its investmentfrom $225 to $375 million TD Bank has a strong

commitment to affordable housing and community development Its investment supportsNCrsquos lending in TD Bankrsquos market areas in the Northeast MidshyAtlantic and South

Website wwwtdbankcom

The Primavera Foundation shy First NetshyZero Energy Building Congratulations to The Primavera Foundation for the recent certification of the LasAbuelitas housing complex as Pima County Arizonarsquos first NetshyZero Energy Building Anetshyzero energy building makes all the energy it needs through solar power therebylowering utility bills This project consists of 12 homes a community building and provides housing for families with children It is specifically designed to meet the needs of grandparents caringfor grandchildren NC is pleased to haveprovided construction financing for thisinnovative undertaking Webpage pimagovnetzero

Community HousingWorks shy Azusa Apartments

Congratulations also to Community HousingWorks for the successful transformation of

552015 Points of Impact from NeighborWorks Capital shy April 2015

httpus2campaignshyarchive2comu=7a3d73beb1409669ff3304037ampid=87dc5831a7ampe=[UNIQID] 56

Azusa Apartments in Azusa California Arecent ribbonshycutting was held to celebrate thecompletion of the renovation of this importantaffordable housing resource NC provided aflexible secondshyposition $6500000 bridge loanto CHW to acquire the property whilepermanent financing was assembled to

substantially renovate the property Less than two years later the renovations arecompleted and families in a high cost community in Los Angeles County have animproved property they can call home

Webpage chworksorgazusashypress

Affordable Housing Alliance shy Bayshore Bungalows

Affordable Housing Alliancersquos new initiative is theBayshore Bungalow Programtrade which will provideturnshykey costshyeffective wellshyconstructed homes tothose affected by Hurricane Sandy This programwill also return the equity to homeowners whoseproperties and financial security were destroyed as aresult of Hurricane Sandy For more informationplease click on the link to their website below NC

provided a $1500000 revolving line of credit to support this important project

Webpage bayshorebungalowcom

NeighborWorks America Training InstituteKansas City MO shy May 4 shy 8 2015

552015 Points of Impact from NeighborWorks Capital shy April 2015

httpus2campaignshyarchive2comu=7a3d73beb1409669ff3304037ampid=87dc5831a7ampe=[UNIQID] 66

NeighborWorks Capital staff will be attending theupcoming NeighborWorks America TrainingInstitute in Kansas City from May 4 ndash 8 2015

If you would like to schedule a meeting to discussyour financing needs or project pipeline pleasecontact a member of NCs Lending Team at

John Maneval Director of Lendingjmanevalneighborworkscapitalorg

Phone at 240shy821shy1651 ext 204 or 301shy789shy6856

Ingrid Avots Senior Loan OfficeriavotsneighborworkscapitalorgPhone at 240shy821shy1651 ext 206

Rob Hammock Senior Loan OfficerrhammockneighborworkscapitalorgPhone at 980shy207shy3797 or 301shy887shy7889

Visit us at wwwneighborworkscapitalorg

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

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

Forward to Friend

Page 5: Points of impact from neighborworks capital april 2015

552015 Points of Impact from NeighborWorks Capital shy April 2015

httpus2campaignshyarchive2comu=7a3d73beb1409669ff3304037ampid=87dc5831a7ampe=[UNIQID] 56

Azusa Apartments in Azusa California Arecent ribbonshycutting was held to celebrate thecompletion of the renovation of this importantaffordable housing resource NC provided aflexible secondshyposition $6500000 bridge loanto CHW to acquire the property whilepermanent financing was assembled to

substantially renovate the property Less than two years later the renovations arecompleted and families in a high cost community in Los Angeles County have animproved property they can call home

Webpage chworksorgazusashypress

Affordable Housing Alliance shy Bayshore Bungalows

Affordable Housing Alliancersquos new initiative is theBayshore Bungalow Programtrade which will provideturnshykey costshyeffective wellshyconstructed homes tothose affected by Hurricane Sandy This programwill also return the equity to homeowners whoseproperties and financial security were destroyed as aresult of Hurricane Sandy For more informationplease click on the link to their website below NC

provided a $1500000 revolving line of credit to support this important project

Webpage bayshorebungalowcom

NeighborWorks America Training InstituteKansas City MO shy May 4 shy 8 2015

552015 Points of Impact from NeighborWorks Capital shy April 2015

httpus2campaignshyarchive2comu=7a3d73beb1409669ff3304037ampid=87dc5831a7ampe=[UNIQID] 66

NeighborWorks Capital staff will be attending theupcoming NeighborWorks America TrainingInstitute in Kansas City from May 4 ndash 8 2015

If you would like to schedule a meeting to discussyour financing needs or project pipeline pleasecontact a member of NCs Lending Team at

John Maneval Director of Lendingjmanevalneighborworkscapitalorg

Phone at 240shy821shy1651 ext 204 or 301shy789shy6856

Ingrid Avots Senior Loan OfficeriavotsneighborworkscapitalorgPhone at 240shy821shy1651 ext 206

Rob Hammock Senior Loan OfficerrhammockneighborworkscapitalorgPhone at 980shy207shy3797 or 301shy887shy7889

Visit us at wwwneighborworkscapitalorg

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

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

Forward to Friend

Page 6: Points of impact from neighborworks capital april 2015

552015 Points of Impact from NeighborWorks Capital shy April 2015

httpus2campaignshyarchive2comu=7a3d73beb1409669ff3304037ampid=87dc5831a7ampe=[UNIQID] 66

NeighborWorks Capital staff will be attending theupcoming NeighborWorks America TrainingInstitute in Kansas City from May 4 ndash 8 2015

If you would like to schedule a meeting to discussyour financing needs or project pipeline pleasecontact a member of NCs Lending Team at

John Maneval Director of Lendingjmanevalneighborworkscapitalorg

Phone at 240shy821shy1651 ext 204 or 301shy789shy6856

Ingrid Avots Senior Loan OfficeriavotsneighborworkscapitalorgPhone at 240shy821shy1651 ext 206

Rob Hammock Senior Loan OfficerrhammockneighborworkscapitalorgPhone at 980shy207shy3797 or 301shy887shy7889

Visit us at wwwneighborworkscapitalorg

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

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

Forward to Friend