|
NLP recently closed a Low Income Housing Tax Credit pool with its member banks. The pool is primarily being used to provide favorable construction to permanent loans for multi-family projects. As an example, NLP worked with Wendover Housing Partners, LLC, a long time existing customer, to finance Kenwood Place, a 112 unit apartment complex for income eligible seniors in Tallahassee. The project will be a major asset to the City where there is a demand for attractive and high quality affordable housing options for seniors.
"NLP has shown considerable expertise and professionalism throughout the financing process for Kenwood Place," stated Glen Bamberger, CFO for Wendover Housing Partners, LLC. "We look forward to working with them on future affordable communities."
|
|
