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TCB’s finance capacity and its long and successful track record provide a competitive advantage in raising equity and debt financing for its work. This capacity is enhanced by TCB's relationship with New Hope Housing, Inc. (NHH), an independent nonprofit organization focused primarily on raising equity capital for nonprofit-sponsored affordable housing developments and providing equity finance services to investors and lenders on such transactions.
NHH was formed in 1991 to undertake a variety of charitable housing and community development activities. In 1999, it expanded its services to include providing capital for affordable housing and community development activities by creating investment funds and by providing grants and loans.
NHH has been principally engaged in raising equity capital through the sale of tax-advantaged investments in order to bring investment to affordable housing transactions that are developed and controlled by non-profit corporations. NHH has worked with both syndicators and direct investors, and in addition to raising capital, has performed many related syndication functions including financial feasibility analysis, financial structuring, and investment monitoring. NHH also provides consulting and development services to third parties.
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