Single Family A&D and Construction Loans         

NLP offers financing for the acquisition, development and construction of single-family housing for developers and builders. The program offers one loan structure for the acquisition and horizontal development of the lots (Lot A&D) and two loan structures for the construction (vertical development) of the homes (revolving and non-revolving lines of credit). With these structures, the financing needs for lots, detached single-family homes, condominiums, and attached townhomes can each be properly addressed. All properties must provide affordable housing based on the restrictions set forth by the local government that has provided a local subsidy for the project, if any, or by NLP’s standard affordable restrictions when there are no government subsidies being used. There must be at least five residences financed under the program.

The primary loan structure parameters are presented under Lending Guidelines.

The following items are specific to the single-family program:

• The loan structure for the construction of detached single-family residences would be approved as a revolving line of credit.

The loan structure for the construction of condominiums or attached townhomes would be approved as a non-revolving line of credit.