Northwest Real Estate Capital Corporation (NWRECC) is a non-profit company specializing in HUD/Section 8 and Tax Credit Housing. Established in 1999 to own and manage a portfolio of properties to further the goal of providing affordable housing for everyone. We are committed to our motto of "Housing with Pride. Life with Dignity" and strive for that purpose in our day to day business.
Headquartered in beautiful Boise, Idaho NWRECC owns properties in Alaska, Idaho and Oregon, and is constantly looking for new properties to add to its portfolio.
NWRECC recently embarked on an ambitious project of renovating its Idaho portfolio. The Idaho Rehab Portfolio consists of 297 units of low income tax credit housing over 10 different properties. Using financing of $12,900,000 obtained through Green Park Financial, NWRECC was able to rehabilitate and refinance the portfolio long term which will result in stability for the residents of these 10 properties. (Read the Green Park Press Release - pdf)
Landscaping repairs, new exterior siding, new windows, asphalt and driveway repairs, and in-unit renovations ranging from 20% to 100% of the units depending on the property are examples of the work that was done during the rehab.
Next up for renovation is the Oregon Portfolio. This project will start in the fall of 2007 and continue through the 2008 calendar year.
