Community Housing Capital Launches $12 Million Pilot Program for NeighborWorks America Organizations

NHS of Chicago Named First Investee

Chicago, IL — October 9, 2025. Community Housing Capital (CHC) has launched a $12 million Warehouse Line of Credit (WLOC) Pilot Program to help affordable-housing-focused CDFIs within the NeighborWorks America network expand mortgage lending for low- and moderate-income families.

The pilot, made possible through a loan from JPMorgan Chase, enables participating CDFIs to originate and hold affordable and workforce mortgages until sale to third-party investors, addressing liquidity constraints and supporting faster, more responsive lending.

Neighborhood Lending Services (NLS), an affiliate of Neighborhood Housing Services (NHS) of Chicago, is the first participant, receiving a $1 million investment to expand access to affordable homeownership across Chicagoland.

Through the pilot, CHC will make the WLOC available nationwide to qualifying nonprofit affordable-housing organizations, funding mortgages for buyers earning roughly 80–120 percent of area median income (AMI).

Read the full press release on PR Newswire.