Neighborhood Lending Partners History

1993 – 1997

  • Tampa Bay Community Reinvestment Corporation (TBCRC) opens for business April 1,1993
  • Closed first loan with Versaggi Trust for the Westland and Albany Apartments/Hyde Park Apartments
  • Closed first LIHTC loan for Landings of St. Andrews
  • Established Community Advisory Board to advise and guide products and services to meet unmet needs of underserved markets and underserved populations
  • Certified by U.S. Treasury as Community Development Financial Institution (CDFI)
  • Initiated in-house loan servicing (previously managed by agent bank) and created additional revenue stream from loan servicing

1998 – 2002

  • Received CDFI Fund Award of $2.5 million in 1998 with $5 million in SHIP matching funds
  • Added loan program for Economic and Community Development
  • Received 2nd CDFI Award of $2.0 million in 2000 with $4 million in SHIP matching funds
  • Changed name from Tampa Bay Community Reinvestment Corporation to Neighborhood Lending Partners, Inc. in 2000
  • Completed first loan sale of 11 loans totaling $27 million in secondary market to revolve loan capital
  • Opened Office in Miami/Neighborhood Lending Partners of South Florida (NLPSF)
  • Obtained $6 million line of credit for construction lending from Fannie Mae
  • Received certification from U.S. Treasury as Community Development Entity (CDE) allowing NLP to participate in New Markets Tax Credit transactions
  • Celebrated 10th years in business
  • Closed first economic development loan
  • Participated in the funding of Meridian West; utilizing NLP’s capital for the first time

2004 – 2008

  • Opened NLP of North Florida (NLPNF) establishing a statewide presence for NLP
  • Opened NLP’s new corporate office with financing from The Bank of Tampa
  • Received 4 CDFI Awards totaling $1,137,000
  • Established inter-active website to allow member banks to access loan documents, credit files, and portfolio
  • Sold an additional 10 loans totaling $30 million into the secondary market to replenish loan capital
  • Persevered through 2008; the most significant economic and housing decline since the great depression

2009 – 2013

  • Restructured bank membership to maintain member support and ease regulatory pressures members were incurring – Initiated loan subscription program
  • Received $50 million NSPS2 award from HUD
  • Received CDFI Award of $750,000
  • Expanded local government loan administration and underwriting services over during this era to include management of the City of Tampa’s Facade Improvement program for 3 years
  • Received grant from Bank of American to apply for CARS (now Aeris)
  • Received and deployed first Equity Equivalent Investment (EQ2) from Wells Fargo in the amount of $500,000
  • Completed NSP2 $50 million grant 3-year goals by expending the entire amount, plus an additional $7.4 million in leverage from bank members and NLP capital, along with another $11.6 million from other leverage sources – producing $19.5 million in additional program income to further expand the program impact
  • Closed subscription loan with Southport Financial Services, Inc. for 400 Apartments demonstrating flexibility and creativity in meeting customer and bank member needs

2014 – 2018

  • Partnered with two Community Reinvestment Agencies to support small business lending with total funding of $2,850,000
  • Re-opened Miami office and Initiated Small Business Lending Initiative in partnership with VEDC with $5 million Line of Credit from UBS
  • Expanded staffing to support existing and new product expansion including Senior Lender, Chief Risk Officer and Small Business Director
  • Closed $16.5 million LIHTC Pool /11 bank members participated– first pool since 2008
  • Closed $500,000 LOC with Comerica Bank/Increased to $1 million
  • Closed $3 million credit facility with Bank of America and Wells Fargo for The Florida Minority Impact Housing Fund and both banks provided grant funds totaling $300,000 to support the launch of the Fund
  • Became a member of the Federal Home Loan Bank of Atlanta
  • Closed 2nd LIHTC loan pool in the amount of $29.5 million/16 bank members participated
  • Closed $1 million LOC with the Bank of the Ozarks

2019 – Present

  • Closed 3rd LIHTC loan pool in the amount of $35.5 million, with 17 bank members participating
  • Committed the entire $35.5 million from the 3rd LIHTC loan pool to build affordable housing communities, translating into 1,085 additional affordable housing units to the most vulnerable in our communities
  • From January 1, 2020, until April 22, 2021, NLP closed approximately $52.7MM in permanent financing and $24.6MM in construction financing, which translates into 1,885 units with a great geographic diversity
  • Closed 4th LIHTC loan pool in the amount of $44.05 million, with the participation of 18 bank members8
  • Subscribed an additional 5 member banks: American Momentum Bank, Banesco USA, Bank of America, Wells Fargo Bank, and Woodforest National Bank
  • Received CDFI Award of $750,000
  • Expanded business to Georgia and incorporated Neighborhood Lending Partners of Georgia, Inc.