$400 Million in Tax Credits: How NeighborWorks Capital Funds 250 Nonprofits

<p><b>How NeighborWorks Capital Uses Nonprofit Lending to Expand Affordable Housing</b></p><p></p><p>James Misner talks with Jim Peffley of NeighborWorks Capital about the affordable housing crisis, how community development financial institutions work, and the power of collaboration across the nonprofit housing sector. Jim shares his path from growing up in affordable housing to leading an institution that helps nonprofit developers access capital. They discuss the scale of the housing shortfall, how NeighborWorks Capital is structured, and why the network's collective strength gives smaller developers more leverage with investors.</p><p></p><p><b>Key topics</b></p><ul><li>Jim shares how Brookview Apartments shaped his views on housing.</li><li>His path went from banking to housing finance to affordable housing investing.</li><li>They discuss the affordable housing continuum, from public housing to homeownership.</li><li>Jim describes the scale of the housing shortage and its pressure on families.</li><li>More housing alone isn't enough if it's unaffordable or blocked by zoning.</li><li>NeighborWorks Capital is a nonprofit CDFI lending to housing developers.</li><li>It finances land acquisition, infrastructure, and construction.</li><li>The organization borrows close to $100 million a year, with $400 million in tax credits.</li><li>The NeighborWorks network collectively rivals major for-profit developers.</li><li>Jim explains organizing developers to negotiate better terms with investors.</li><li>A failed Fannie Mae effort taught him to listen closely to customers first.</li><li>Intelligent risk-taking is essential in mission-driven leadership.</li><li>He closes by encouraging orgs to connect with local NeighborWorks members.<p></p></li></ul><p><b>Timestamps</b></p><p>00:39 - Jim's path into affordable housing<br />01:33 - From banking into housing finance<br />03:41 - Today's affordable housing landscape<br />04:55 - Scale of the housing shortfall<br />06:30 - Housing insecurity's effect on opportunity<br />07:58 - Why more homes isn't the whole solution<br />09:13 - Who NeighborWorks Capital serves<br />10:56 - Types of financing it provides<br />11:51 - Why banks invest in it<br />12:56 - How the nonprofit model sustains itself<br />14:48 - Annual borrowing and lending scale<br />15:23 - Tax credit investments and capital stack<br />16:40 - Affordable units the network produces<br />17:10 - Why collective bargaining power matters<br />18:18 - NeighborWorks nonprofits as innovators<br />19:26 - How scale advantages leave smaller groups behind<br />22:19 - Listening as a superpower with funders<br />23:44 - Why new partnerships require flexibility<br />25:44 - Advice for frontline organizations<br />27:01 - Why NeighborWorks members are the right partners<br />28:43 - The collaborative culture of the CDFI space<br />29:28 - What NeighborWorks Capital hopes to change next<br />31:02 - Headwinds facing affordable housing<br />33:40 - Where to find Jim and NeighborWorks Capital</p><p></p><p><b>Resources &amp; Links:</b></p><ul><li><a rel="noopener noreferrer nofollow" href="https://thekiposgroup.com/" target="_blank"><b>The Kipos Group Website</b></a></li><li><a rel="noopener noreferrer nofollow" href="https://thekiposgroup.com/schedule-your-call-with-james/" target="_blank"><b>Schedule a Discovery Call with James</b></a></li><li><a rel="noopener noreferrer nofollow" href="https://www.linkedin.com/in/jamesmisner/" target="_blank"><b>Connect with James Misner on Linkedin</b></a></li></ul><p></p><p><b>Connect with Jim:</b></p><ul><li><a rel="noopener noreferrer nofollow" href="https://neighborworkscapital.org/" target="_blank"><b>Neighborworks Capital Official Website</b></a></li><li><a rel="noopener noreferrer nofollow" href="https://www.linkedin.com/in/jim-peffley-8646276/" target="_blank"><b>Connect with Jim on Linkedin</b></a></li></ul>