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Dear Fellow Bankers and Community Supporters,
In spite of COVID-19, NLP has had a very successful year. We have been very fortunate managing through the COVID-19 pandemic with minimal disruption in our operations. NLP has settled into a hybrid of work-from- home and in-office work environment which keeps employees working at a safe distance, and keeps productivity up. We have been able to retain the best parts of office culture while becoming more streamlined and efficient.s the pandemic becomes less of an issue, conference rooms and meeting spaces will become more vital, as we need collaboration and interaction and community engagement to retain relevance and stay engaged. According to Forbes, "Flexibility" will be the new mantra, where people will be given more freedom to choose work from home. Some professionals actually missed the commute and cherished their in-person connections, so the new normal will be increased flexibility.
NLP's mission is to be flexible, innovative and find solutions for financing and services that serve disadvantaged communities. It is the same communities that we have always served that have been the most negatively impacted by COVID. As we are experts in the field of finance, and excel at innovation and flexibility, updating and improving our general program offerings is the most impactful way NLP can serve its mission.
NLP is approaching our Annual Membership meeting to be provided via Zoom on May 20, 2021 at 2:00 p.m. We look forward to reporting the results for our fiscal year-ended March 31, 2021. NLP also has applied for funding from the newly announced CDFI Rapid Relief Fund, which was created to quickly deploy relief to certified CDFI's. Our expansion into Georgia has also picked up pace with our NLPG Organizational Meeting to be held in Atlanta at the Federal Home Loan Bank of Atlanta on the afternoon of June 17th.
Neighborhood Lending Partners just closed on our fourth Low-Income Housing Tax Credit (LIHTC) Lending Pool. Since 2015, NLP has committed over $100MM to affordable housing developments throughout the State of Florida using this financing vehicle. The new Pool totals $34,250,000 and will be used to finance the construction or rehabilitation of affordable housing LIHTC developments. Thanks to our member banks who have supported our mission and committed to this fund: BankUnited, Capital City Bank Group, Inc., CenterState Bank, First Citizens Bank, First Florida Integrity Bank, Grove Bank & Trust, Helm Bank USA, IBERIABANK, Ocean Bank, Pilot Bank, Raymond James, Republic Bank, Seaside Bank and Trust, The Bank of Tampa, Valley Bank.
NLP recently participated in the groundbreaking of Hawthorne Park, a Wendover Housing Partners affordable housing development in Pine Hills, which will offer 120 units to seniors earning up to 60% of the area's median income. Neighborhood Lending Partners, Inc., in partnership with Wells Fargo and Orange County Government, is proud to be part of this development, offering safe, quality, affordable housing to the most vulnerable in our communities.
NLP attended the grand opening of Midtown Lofts in Lakeland, FL. It started with a vision and after a long road of hard work from many people, the end product was breathtaking. Congratulations to Green Mills Group for the amazing concept, integrating affordable housing with public art. Midtown Lofts is a brand new affordable housing development, offering 80 units to tenants earning up to 40% and 60% of the area's median income. Neighborhood Lending Partners, Inc., in partnership with Fifth Third Bank, Raymond James Tax Credit Funds and the City of Lakeland CRA, is proud to be part of this development, offering this beautiful, well-designed, safe, quality, affordable housing. We are also thankful to our member banks that makes our participation possible by supporting our mission to lift communities. Synovus, CenterState Bank, IBERIABANK, Raymond James, The Bank of Tampa, Centennial Bank, Seaside Bank and Trust, Capital City Bank Group, Inc., First Florida Integrity Bank, Republic Bank, Bank OZK, BankUnited, Flagship Bank, First Citizens Bank, Valley Bank, Grove Bank & Trust, Helm Bank USA.
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