FINANCE FOR FLORIDA
What is a Community Development Financial Institution (CDFI)?
• CDFIs are community-based organizations that expand economic opportunity in low-income communities and provide financial products and services to individuals and businesses often underserved by traditional financial institutions.
• • CDFIs help families finance their first homes, support small and start-up businesses, establish and rebuild credit histories, and invest in local health, education, and community facilities, as well as provide financial services and training.
• • CDFIs include banks, credit unions, loan funds, and venture capital funds
Neighborhood Lending Partners
2025 Florida American Planning Association Conference
Serving Florida and Georgia
• Neighborhood Lending Partners is a certified CDFI (Community Development Financial Institution), and lending consortium of banking institutions that facilitate private investments for community revitalization and neighborhood preservation.
What We Are
• NLP offers flexible financing for affordable housing and community development.
• NLP provides services to local government housing agencies and community redevelopment districts for underwriting, loan servicing, rental monitoring and program management.
Bank Lending Pool (continued)
These funds are usually combined with other financing, such as Tax Credits and local governments funds.
Funding is available for both construction and/or permanent lending. Additionally, NLP may have its own low interest financing that can assist in making the project more affordable.
• Committed over $160 million
• Contributed to the construction and rehabilitation to over 5,000 units
SINCE
• Leveraged over $33 billion in total project costs
Underwriting
NLP will underwrite rental and homeownership projects for local governments. We will review the development’s proposed sources and uses, pro forma, developer capacity and capability, appraisal, market study, ability to pay back loan, HOME and SHIP eligibility and other areas as required by contracted agency.
Underwriting Options
If requested by local government, NLP will also:
Recommend a loan payment that project and developer can sustain
If several projects submitted, rank according to criteria set by local government Perform a HOME Program Subsidy Review
Other requested activities
Long Term Monitoring
NLP will perform long term monitoring of rental projects as required. This includes examining files for income compliance and appropriate rents, and inspecting the property in order to determine if it is being kept in a satisfactory manner. We also will annually review financial audits to make sure project is still viable,
These do not have to be projects that NLP helped to finance.
Rental Loan Portfolio Management
NLP will manage local government’s rental loan portfolio, whether we underwrote your loan or not.
Bridge Financing
Bridge, construction, or short-term financing is available for local governments and not-for-profit agencies
Supplemental Agency Funding
NLP can fund not-for-profit agencies that apply to governments for funding, that you do not have the ability or inclination to fund entirely, or if there are expenses that are ineligible under the government program. This can be lent from NLP or bank pool funds. This does not have to be housing related.
Not-For-Profit Bridge Construction Financing
Not-for-Profit housing agencies (Habitat, CLTs, etc.) that are guaranteed funding when construction is completed (such as DPA) by a government agency, or have funds on hand or secured that will be used for a project, may borrow funds during construction..
Program Management
NLP has the expertise and experience to operate programs in your jurisdiction. We manage Orange County’s not-for-profit single-family homeownership program, and have managed other programs in the past.
Thank you – What Can We Do for You?
