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Neighborhood Lending Partners, Inc.

Neighborhood Lending Partners, Inc.
(813) 879-4525

Loan Pool for Low-Income House Tax Credit Loans (LIHTC)

NLP closed a $16.5 million LIHTC loan pool in December 2015 which, is already a tremendous success. The pool is almost fully subscribed, with a loan that will fully utilize the remainder of the pool currently under consideration. We are in process of ramping up the pool for a second cycle. Keep looking for details over the next few weeks. The first pool has provided financing for 625 units of affordable housing for families and seniors across the State of Florida, thus far.

Loans for multi-family rental properties utilizing LIHTCs have been a core product for NLP from its inception and these loans are crucial to NLP continuing to fulfill its mission and provide high quality housing to Florida's underserved residents and loan opportunities to our Member Banks. NLP, the State of Florida, our Member financial institutions, and our low- and moderate-income developers and future residents greatly benefit by NLP's member banks creating the LIHTC loan fund. This statewide pool is non-revolving; the commitment to participate is for a two year term; and, is utilized for loan originations and funding for LIHTC construction and permanent loans. This pool is consistent with the goals of Community Financial Institution Fund programs
("CDFI Programs") and the loans are considered community development loans; thus, bank participants receive CRA credit for participation in LIHTC loans regardless of location within the State of Florida.

The Fountains at Millenia was financed by NLP and is a $10 million LIHTC perm loan transaction located in Orlando, Florida.

Rebuilding Together

Contact us today to find out more

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Neighborhood Lending Partners, Inc.
3615 West Spruce Street
Tampa, FL 33607
(813) 879-4525

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