NewWest Community Capital
NewWest Community Capital is a nonprofit CDFI that provides flexible below-market loans for affordable housing, community facilities, and economic development projects across eight Intermountain West states, serving nonprofit developers and underserved communities with a $29M+ loan pool and $69M+ in assets.
- Company typePrivate
- Founded2000
- HeadquartersBoise, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What NewWest Community Capital does
NewWest Community Capital is a nonprofit 501(c)(3) Community Development Financial Institution (CDFI) headquartered in Boise, Idaho, with a regional office in Phoenix, Arizona. Founded in 2000 as the Idaho-Nevada CDFI and designated by the U.S. Treasury in 2001, the organization provides flexible below-market financing for affordable housing, community facilities (including childcare centers, healthcare clinics, charter schools, and human-service organizations), and community economic development projects serving underserved populations across eight states in the Intermountain West.
The core product set spans Affordable Housing Loans, Community Facility Loans, Community Economic Development Loans, Land Acquisition Loans (including LIHTC-qualifying early-stage capital), combined Construction and Permanent Financing, Lines of Credit, and Small Business Loans. These offerings are delivered as direct loans to nonprofit developers, community development corporations, and project sponsors rather than through a technology platform; NewWest explicitly does not operate proprietary lending software. The organization complements financing with project-specific technical assistance.
The business model combines interest and fee income from a loan pool exceeding $29 million (funded by 25+ institutional social-impact investors including Bank of America, Wells Fargo, KeyBank, U.S. Bank, Charles Schwab, and Zions Bank) with grants and donations from foundations, religious organizations, healthcare partners, and government agencies including the U.S. Department of the Treasury CDFI Fund and the Federal Home Loan Bank of Seattle. Reach is achieved through direct origination by a lean leadership team, co-lending and referral partnerships with NeighborWorks, LISC, and Opportunity Finance Network, and content-driven marketing via the NewWest website and social channels. As of 2022 the organization had closed over 100 loans totaling more than $112 million in cumulative lending and held assets exceeding $69 million.
NewWest Community Capital firmographics
Firmographics- Name
- NewWest Community Capital
- Legal name
- NewWest Community Capital
- Website
- https://newwestcapital.org
- Company type
- Private
- Founded year
- 2000
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- NewWest Community Capital is a nonprofit CDFI that provides flexible below-market loans for affordable housing, community facilities, and economic development projects across eight Intermountain West states, serving nonprofit developers and underserved communities with a $29M+ loan pool and $69M+ in assets.
- Ownership category
- akta.pro rank
NewWest Community Capital industry classification
Industry- Product category
- Community Development Lending
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525), Grantmaking and Giving Services (81321)
- SIC
- Federal & Federally-Sponsored Credit Agencies (6111), Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- SBA/Government-Backed & Development Finance Loans (FSAKAGAI)
- akta.pro secondary industries
- Impact Investing & Social Finance (Funds, CDFIs, Microfinance) (BPAGALAA), Warehouse Lending / Mortgage Warehouse Facilities (FSALACAI)
Keywords
Where NewWest Community Capital is headquartered
LocationHeadquarters
- HQ city
- Boise
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
NewWest Community Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Others
Revenue model
- Loan Interest and Fees: NewWest generates revenue through interest on loans provided to borrowers for affordable housing, community facilities, and community economic development projects. As a nonprofit CDFI, revenue is reinvested into the loan fund to support continued lending operations.
- Grant Funding and Donations: The organization receives support from financial institutions, religious organizations, foundations, and government agencies. These investments and donations fund the loan pool and operational costs, enabling the organization to provide below-market rate loans.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels5 records
NewWest Community Capital product offering
Product offeringCore offering
NewWest Community Capital is a nonprofit Community Development Financial Institution (CDFI) loan fund that provides below-market financing for affordable housing, community facilities, and community economic development projects across the Intermountain West. Its product set spans construction loans, permanent financing, land acquisition loans, lines of credit, and small business loans, combined with project-specific technical assistance for nonprofit and community-based borrowers.
Product overview
NewWest Community Capital operates as a nonprofit loan fund offering a portfolio of loan products rather than a unified technology platform. The core offerings consist of Affordable Housing Loans, Community Facility Loans, and Community Economic Development Loans, supplemented by specialized products including Land Acquisition Loans, Construction and Permanent Financing, Lines of Credit, and Small Business Loans. These products work together to provide financing from early-stage land acquisition through construction to permanent housing and community facility operations, serving the Intermountain West region through direct lending and partnerships with other lenders, government agencies, and the philanthropic sector.
Differentiator
Problem solved
Functional benefit
Products and services
- Affordable Housing Loans Financing for affordable housing projects serving underserved populations including families, seniors, at-risk teens, and the homeless in the Intermountain West.
- Community Facility Loans
- Community Economic Development Loans
- Land Acquisition Loans
- Construction and Permanent Financing
- Lines of Credit
- Small Business Loans
Companies that use NewWest Community Capital
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles3 records
NewWest Community Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
NewWest Community Capital partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Opportunity Finance Network (OFN)coreNational membership organization for CDFIs providing financing, training, and advocacy for community development lenders.
- NeighborWorkscoreNational network of community development organizations. NewWest partners with NeighborWorks Boise for affordable housing development including pocket neighborhoods.
- LISCcoreLocal Initiatives Support Corporation. Board member Brian Maddox serves as VP/Fund Development at LISC Fund Management.
Scale indicators6 records
Recent moves10 records
Expansion highlights5 records
NewWest Community Capital competitors and assessment
Company assessmentDirect peers
- Enterprise Community Partners: National CDFI focused on affordable housing and community development lending and investing; directly comparable as a mission-driven, federally-certified CDFI providing low-cost capital to community developers.
- Capital Impact Partners: National nonprofit CDFI providing loans, equity, and capacity building for affordable housing, health care, and education facilities; comparable business model of mission-driven community development lending to nonprofits and developers.
- LISC (Local Initiatives Support Corporation): National CDFI supporting affordable housing, economic development, and community facilities; highly comparable as a nonprofit lender and NewWest's partner, serving developers with flexible financing and technical assistance.
- Reinvestment Fund: National mission-driven CDFI financing affordable housing, education, health care, and community development; directly comparable in product mix, CDFI status, and impact-driven lending model.
- Coastal Enterprises Inc. (CEI): CDFI financing small businesses, community facilities, and affordable housing in rural and underserved markets; comparable in mission focus on rural community development and nonprofit loan fund structure.
- Clearinghouse CDFI: California-headquartered CDFI providing financing for affordable housing, community facilities, and small businesses; comparable as a regional CDFI lender with similar product set and federal certification.
- Pacific Community Ventures: West Coast CDFI supporting small businesses and community economic development; comparable as a regional CDFI lender serving similar underserved Western U.S. markets.
Others
- Opportunity Finance Network (OFN): National membership/financing intermediary for CDFIs; comparable ecosystem player that provides capital, training, and advocacy to CDFIs like NewWest.
- NeighborWorks America: National network of community development nonprofits; NewWest partners with NeighborWorks Boise and is comparable as a related ecosystem actor in affordable housing and community development finance.
Regional players
- MoFi (Montana & Idaho Community Development Corporation): Regional CDFI serving Montana and surrounding states; comparable as a smaller regional CDFI lender in adjacent Intermountain West markets with similar product focus on small business and community facilities.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
NewWest Community Capital social profiles
Digital presenceNewWest Community Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
NewWest Community Capital leadership team
Management profileNumber of profiles
Profiles4 records
NewWest Community Capital funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
NewWest Community Capital M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about NewWest Community Capital
What does NewWest Community Capital do?
NewWest Community Capital is a nonprofit Community Development Financial Institution (CDFI) loan fund that provides below-market financing for affordable housing, community facilities, and community economic development projects across the Intermountain West. Its product set spans construction loans, permanent financing, land acquisition loans, lines of credit, and small business loans, combined with project-specific technical assistance for nonprofit and community-based borrowers.
Is NewWest Community Capital a public or private company?
NewWest Community Capital is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was NewWest Community Capital founded?
NewWest Community Capital was founded in 2000. It employs 1 to 10 people.
Where is NewWest Community Capital based?
NewWest Community Capital is headquartered in Boise, United States, in the North America region.
How does NewWest Community Capital make money?
Two revenue lines are on record. Loan Interest and Fees are the primary driver. The others are grant Funding and Donations.
Who are NewWest Community Capital's main competitors?
Direct peers on record are Enterprise Community Partners, Capital Impact Partners, LISC (Local Initiatives Support Corporation), Reinvestment Fund, Coastal Enterprises Inc. (CEI), Clearinghouse CDFI and Pacific Community Ventures. Others are Opportunity Finance Network (OFN) and NeighborWorks America. MoFi (Montana & Idaho Community Development Corporation) is listed as a regional player.
Does NewWest Community Capital have an API?
No public API is recorded for NewWest Community Capital.
What industry is NewWest Community Capital in?
NewWest Community Capital's product category is Community Development Lending. Its primary akta.pro industry code is FSAKAGAI, SBA/Government-Backed & Development Finance Loans, with a secondary code of BPAGALAA, Impact Investing & Social Finance (Funds, CDFIs, Microfinance). Its NAICS code is 525 and its SIC code is 6111.