There is strength in NeighborWorks® America’s network of nearly 250 nonprofits from across the country. Jim Peffley, CEO of NeighborWorks Capital, a community development financial institution (CDFI) created to serve NeighborWorks network organizations, wants to harness that strength to collectively raise capital at scale – and with better terms. The ultimate goal is to bring attractive capital to communities that often do not have access to capital with the best terms.

In 2024, NeighborWorks Capital launched a new lending program to deploy low-cost, long-term capital to NeighborWorks network organizations to empower them to expand their homeownership initiatives in communities across the country. Wells Fargo provided $8.5 million for the launch of this program, and network organizations were selected for funding through a competitive invitation-only application process.