affordable housing mission investment loan fund
ENTERPRISE LENDING
The Affordable Housing Mission Investment Loan Fund provides loans, up to 5 years for up to $2 million, to Exemplary or Strong NeighborWorks Network Organizations and nonprofit entities. It is intended to be used as working capital for projects and programs that build organizational capacity, promote affordable housing, economic development, and community revitalization.
So far, the Affordable Housing Mission Investment loan fund has provided 29 organizations across the United States with over $50 million to create affordable housing, new developments, and access to flexible enterprise, and has leveraged over $1 billion.
Contact our lending department today to learn more and to start creating real impact in your community.
“Cabrillo Economic Development Corporation (CEDC) has been partnering with NeighborWorks Salt Lake to continue building affordable housing. By use of the AHMI loan funds, CEDC has had the ability to continue its mission by creating an additional 80 units of affordable housing. The AHMI loan funds made this possible by supporting the pre-development needs of these projects.”