Products & Services

Neighborhood Lending Partners (NLP) provides a range of loans products designed to increase the supply of quality affordable housing and catalyze economic development across the states of Florida and Georgia. These loans are often funded by NLP’s member banks. The following is a description of each:

Multi-Family Rental: Construction / Rehabilitation

NLP provides construction loans, often in partnership with other banks, to build new and preserve existing multi-family affordable housing developments. These development often have 9% low-income housing tax credits and/or other subsidies as part of the sources of funds. Construction loans are generally interest-only and have terms ranging from 12 to 24 month terms, depending upon the scope of the project. A typical NLP multi-family construction loan is $5,000,000 or less but larger loans are also considered on a case by case basis.

Multi-Family Rental: Construction / Permanent

NLP provides construction to permanent loans to build new and preserve existing multi-family affordable housing developments. In this case, NLP provides construction loans, often in partnership with banks. However, once the loan converts to a permanent loan, NLP is the sole first mortgage lender. These development often have 9% low-income housing tax credits and/or other subsidies as part of the sources of funds. Construction loans are generally interest-only and have terms ranging from 12 to 24 months and permanent loans have a maximum amortization of 35 years. Prior to converting from the construction to permanent phase, the property must meet minimum leasing and debt service coverage requirements. A typical NLP multi-family construction to permanent loan is $5,000,000 or less but larger loans are also considered on a case by case basis.


Multi-Family Rental: Permanent-Only Financing

NLP will consider multi-family permanent-only loans on a case by case basis. Permanent loans have a maximum term of 35 years.


Real Estate-Based Economic Development Loans

NLP provides real estate-based loans to catalyze economic development in the communities it serves. To qualify, the subject site must either be located in a low income census tract or serve a primarily low-income population. Sites located in CRAs or opportunity zones will also be considered. Property types include commercial, retail, industrial, and nonprofit facilities. Construction loans are generally interest-only and have terms ranging from 12 to 24 months, depending upon the scope, and permanent loans have a maximum amortization of 25 years.


Single-Family Construction Revolving Lines of Credit

NLP provides construction revolving lines of credit for nonprofits to build single-family homes for sale to low to moderate income buyers. NLP also provides construction revolving lines of credits for nonprofits to rehab foreclosed properties for sale to low to moderate income buyers. Townhome projects are also considered on a case by case basis. The term for this product type is typically 12 months and the loan amount is based upon the financial capacity of the nonprofit.


County Loan Underwriting Servicing

NLP underwrites loans on behalf of county governments that do not have the internal capacity or expertise to underwrite loans internally. In this capacity, NLP typically underwrites subordinate county loans for multi-family affordable developments. NLP also underwrites some single-family loans on behalf of county governments. In this case, NLP is contracted to do the underwriting, the construction administration (if applicable), the servicing of the loans, and the annual property inspection and compliance.


SBA Lender, U.S. Small Business Administration

Opportunity Finance Network

US Department of the Treasury Certified CDFI

FHLBank Atlanta Partner

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