Construction of affordable, for sale housing.
Housing Channel, a local nonprofit developer, used its $5M allocation to implement a housing development program in collaboration with the City of Arlington and for-profit program partners to revitalize the designated East Arlington Promise Zone (EAPZ). The EAPZ has the highest unemployment rates, lowest literacy rates, highest number of public benefit recipients, and the lowest […]
Excerpt from a post by Neighborworks Capital For 44 years, CDC of Brownsville (CDCB) has developed and invested in affordable single-family homes in Brownsville, Texas, which persistently has some of the highest poverty rates in the nation. One-third of Brownsville’s residents live below the federal poverty line. In the rural areas, 90% of residents live […]
Moab Area Community Land Trust is sponsoring the construction of subdivision infrastructure (streets, sidewalks, curbs, sewer and water lines, gas and electrical and storm water drainage) to support the development of up to 300 affordable housing units. Once infrastructure is completed, lots will be leased to developers to construct homes in a variety of densities […]
Genesis LA provide NMTC financing for the construction of 21 affordable homeownership units that replaced a nuisance liquor store at a blighted intersection in Pasadena. The property includes communal outdoor space; Tall ceilings and large windows; Private balconies; Close proximity to Old Town Pasadena; Secure parking garage
Habitat for Humanity builds & renovates simple, decent, affordable homes in partnership with needy families. This project added 34 affordable single family housing units to a highly distressed community.
New Mexico’s Homewise Inc. received funding to invest in one of Santa Fe’s distressed areas. The New Markets Tax Credit allocated $5 million to rehabilitated the Siler Road and Agua Fria area in Santa Fe. The area was determined a “severely distressed census tract,” and with the funding and the investment, there will be more […]
CBO Financial funded $5.0M in New Markets Tax Credit financing for the Summer Town Estates Commercial Center. The Center offers commercial goods and social services that improve the quality of life for low-income seniors, disabled individuals, and families residing in a surrounding low income housing development and the local community. The mixed-use facility consists of […]
NMTC financing supported the construction of 248 affordable homes.
Affordable For-Sale Single Family Housing: The Habitat Homes Project provided support to Habitat for Humanity (HFH) affiliates located in Metro Jackson and in the Mississippi Gulf Coast areas of Mississippi. These two HFH entities collaborated to build 85+ affordable single-family homes in Hurricane Katrina-impacted communities across Mississippi. Home designs incorporated water and energy-saving elements along […]