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

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 2^nd 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 10^th years in business
Closed first economic development loan
Participated in the funding of Meridian West; utilizing NLP’s capital for the first time

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

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

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 2^nd LIHTC loan pool in the amount of $29.5 million/16 bank members participated
Closed $1 million LOC with the Bank of the Ozarks

Closed 3^rd 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 4^th 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.