Loan Fund
NeighborGood Partners is a Community Development Financial Institution that was certified by the Department of Treasury in 2004. The Loan Fund finances projects for the development of affordable housing, community facilities, and neighborhood revitalization.
Community Development Lending
Good Investments.
Good Neighbors.
Good Partners.
Dave Callahan
Who We Serve
The Loan Fund lends primarily to nonprofit organizations which have community development and/or affordable housing as part of their mission.
The target area for the NeighborGood Partners Loan Fund is the Delmarva Peninsula. This encompasses the state of Delaware and the eastern shore counties of Maryland and Virginia. The Loan Fund is primarily focused on lending in rural areas; however, we also strategically lend in some of the urban areas of our target market such as New Castle County, Delaware and Salisbury, Maryland.
Loan Products Include:
-
Predevelopment
-
Acquisition
-
Construction
-
Bridge/gap financing
-
Credit enhancements and guarantees
What is a CDFI?
CDFIs work in specific target markets that are underserved by traditional financial institutions. By providing a unique range of financial products and services, that are community development related, CDFIs invest in economically distressed target areas.
NeighborGood Partners Loan Fund voluntarily participates in the Aeris Ratings Report which utilizes the CDFI Assessment and Ratings System (CARS) which includes a rigorous review of community impact, financial strength, and public policy leadership.
Aeris offers data, analysis, and advisory services that support investment in community development financial institutions. It provides the only comprehensive, third-party assessment of CDFI loan funds, helping such funds move toward a more standardized and transparent presentation of their financial and community impact information.
Project Profiles
