Projects & stories
We assist areas in the West impacted by poverty. Our mission has expanded to include financing for a broad range of community development projects. Learn more about the impact we are making below.
We assist areas in the West impacted by poverty. Our mission has expanded to include financing for a broad range of community development projects. Learn more about the impact we are making below.
Boise, ID
Reno, NV
Sparks, NV
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Strong communities start with affordable housing. And NewWest Community Capital is committed to creating affordable housing options for families in need.
To that end, NewWest recently helped NeighborWorks Boise (NWB) receive approval for a line of credit that will be used for land acquisition, development and new construction. For new construction, the money will help build more “pocket neighborhoods” which successfully integrate families into existing communities.
What is a pocket neighborhood? It’s a small cluster of homes centered around an open space. The houses form a pocket, creating a real sense of community for its residents. Utilizing smaller parcels and incorporating green spaces, pocket neighborhoods encourage walking, biking and increased socialization.
NeighborWorks targets homebuyers who earn between 65%-125% of the area median income (AMI). By targeting families ranging from low to moderate incomes to higher earners, NeighborWorks can offset the cost of smaller homes with the value created by larger ones. In addition to being a nice place to live, pocket neighborhoods provide upward mobility for low to moderate income families.
Turning dreams into reality. That’s part of our mission. And we’re proud to partner with agencies like NeighborWorks Boise working to make housing more affordable for everyone.
NewWest Community Capital provided a permanent loan for the development of Juniper Village Apartments in Reno, NV. This 42-unit affordable project serves low-income individuals and families with incomes targeted at 40% of area median income and below.
This brand new complex features 20 one-bedroom apartments and 21 two-bedroom apartments and is located close to local businesses and conveniently located near freeway access and bus routes. Amenities include; free Wi-Fi internet, brand new Energy Star rated appliances, elevator access to all three floors, community room with access to a library, a computer station, gym, TV, and gaming system, Tot-lot playground, BBQ and horseshoe pits, gated access, 24-hour security video surveillance and onsite laundry facility. Also included is a leasing agent, supportive housing staff, and a maintenance person working on-site with offices.
The project is designed in a contemporary style of architecture with specific consideration given to seniors in the design features. The property consists of 39 units in a three-story building with one elevator. The project location is within walking distance to the main library, many medical services, a beauty parlor, two mini-marts and a florist. Downtown Reno with many cultural and recreational opportunities is located within one-half mile of the site.
Our team at NewWest handled the request and application for the financing of Willows at Wells Avenue apartments, a 39-unit senior affordable housing development, located in Reno, Nevada.
The Reno-Sparks area has recovered from the economic downturn of 2008. The area has experienced rapid population growth over the past several decades due to the excellent quality of life. Historically, the gaming industry has been the principal economic base for the area. Legalization of gaming across the United States is expected to have an impact on the Washoe county area. The unemployment rate for the State of Nevada is approximately 5.0%, which is slightly higher than the national average, but it is still improving with more diverse jobs and industries coming to market.
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Name | Location
Type, Original Loan Amount
Comite de Bien Estar | San Luis, AZ, $750,000
4th & Lincoln | Sparks, NV
Multi-Family Affordable Housing, $430,000
Alpine Haven | Sparks, NV
Multi-Family Affordable Housing, $1,300,000
Aspen Village | Sparks, NV
Multi-Family Affordable Housing, $750,000
Autumn Village | Reno, NV
Multi-Family Affordable Housing, $750,000
Autumn Village-Seasons I
Carson City, NV
Multi-Family Affordable Housing $775,000
Autumn Village-Seasons II | Carson City, NV
Multi-Family Affordable Housing, $1,380,000
Bonnie Lane | Las Vegas, NV
Multi-Family Affordable Housing, $500,000
Coronado Drive | Henderson, NV
Multi-Family Affordable Housing, $1,250,000
Cottonwood Village | Reno, NV
Multi-Family Affordable Housing, $1,100,000
Decatur Pines | Las Vegas, NV
Multi-Family Affordable Housing, $1,150,000
Harmon Pines | Las Vegas, NV
Multi-Family Affordable Housing, $2,710,000
Hillside Meadows | Reno, NV
Multi-Family Affordable Housing, $750,000
Joseph’s Inn | Reno, NV
Multi-Family Affordable Housing, $251,500
Juniper Village | Reno, NV
Multi-Family Affordable Housing, $740,000
Larios II | Winemucca, NV
Multi-Family Affordable Housing, $375,000
McKnight III | Las Vegas, NV
Multi-Family Affordable Housing, $375,397
North 5th Street | Las Vegas, NV
Land Acquisition, $500,000
McKnight Senior | Las Vegas, NV $2,418,413
Pacific Pines II | Henderson, NV
Multi-Family Affordable Housing, $725,000
Parkway Vista | Gardnerville, NV
Multi-Family Affordable Housing, $617,500
Pilgrim Rest Sr. Housing | Reno, NV
Multi-Family Affordable Housing, $266,108
Prater Partners | Sparks, NV
Multi-Family Affordable Housing, $2,300,000
River Senior | Reno, NV
Multi-Family Affordable Housing, $1,900,000
Rockwood | Fernley, NV
Multi-Family Affordable Housing $580,000
Southgate I | Carson City, NV
Multi-Family Affordable Housing, $3,260,000
Southgate II | Carson City, NV
Multi-Family Affordable Housing, $740,000
Trembling Leaves | Reno, NV
Multi-Family Affordable Housing, $741,000
Village North | Reno, NV
Multi-Family Affordable Housing, $400,000
Virginia Lake | Reno, NV
Multi-Family Affordable Housing, $2,175,000
Virginia Street | Reno, NV
Multi-Family Affordable Housing, $2,725,000
Wells Avenue | Reno, NV
Multi-Family Affordable Housing, $1,110,000
Winnemucca Senior Apartments
Winnemucca, NV
Multi-Family Affordable Housing, $800,002
Neighborworks Boise |Boise, ID
Land Acquisition Credit Line,
$1,250,000
Northwood | Ketchum, ID
Multi-Family Affordable Housing, $1,680,000
Silver Creek II | Post Falls, ID
Multi-Family Affordable Housing, $850,000
T & L Cedar | Buhl, ID
Small Business, $30,300
Vineyard @ Broadmore | Nampa, ID
Multi-Family Affordable Housing, $675,000
Vineyard @ Broadmore II | Nampa, ID
Multi-Family Affordable Housing, $600,000
Vineyard at Sycamore | Caldwell, ID
Multi-Family Affordable Housing, $600,000
EBALDC | Oakland, CA
Land Acquistion Credit Line,
$2,300,000
River Run II | Laramie, WY
Multi-Family Affordable Housing, $200,000