New Lending Partners for Permanent Affordability and Mixe-Income Housing

Fifth-Third Bank, Gateway Mortgage, Movement Mortgage, and Pinnacle Bank are approved lenders for WeBuild’s community land trust properties. Adding so many lenders allows us to create more permanently affordable housing throughout Cabarrus County.

Bank of America and NACA are now approved lenders and program partners for workforce housing. This expands products for those above 80 percent of the area median income (AMI), which promotes WeBuild’s mixed-income neighborhood strategies. We plan to use these products for communities that house people from 30 percent to 120 percent of the AMI. Low- to moderate-income households can live in economically desegregated environments.

Wells Fargo invested $60,000 for  2023-24. Their investment supports innovation strategies for housing, such as the revolving construction fund.