National Trust Loan Fund
*United States | Posted: 2/21/2008 |
NTLF Brochure for Main Street Communities |
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Cornerstone Building Case Studies |
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Residential Rehabilitation Case Studies |
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Financing Checklist |
The National Trust Loan Fund has more than 35 years of experience in supporting preservation-based community development projects across the country. As a certified Community Development Financial Institution, it has a mission of providing financial and technical resources to organizations that use historic preservation to support the revitalization of underserved and distressed communities.
NTLF-Knight Affordable Housing Fund
The Loan Fund is pleased to offer a new opportunity to support the development of affordable housing: a $5 million loan pool facilitated by the John S. and James L. Knight Foundation. This fund is targeted to select cities and loan applications will be accepted until September 30, 2008. For more information, click here.
About NTLF
NTLF specializes in predevelopment, acquisition, mini-permanent, bridge and rehabilitation loans for residential, commercial and public use projects. Eligible borrowers include not-for-profit organizations, revitalization organizations or real estate developers working in designated Main Street communities, local, state or regional governments, and for profit developers of older and/or historic buildings.
Since 1980, the Loan Fund has lent approximately $22 million to projects totaling $503,830,000 in development costs for a leverage ratio of $23:1. This participation has created 1,753 housing units--1,051 of them affordable--209 permanent jobs, and 60 construction jobs.
The Loan Fund works with a wide variety of partners on preservation projects nationwide. The Residential Rehab case studies profile several organizations that have unique approaches for obtaining historic properties and rehabilitating them into safe, attractive and comfortable single- and mult-family units. The Cornerstones case studies describe how entities have successfully converted vacant, abandoned and/or underutilized "white elephant" buildings into new uses.
Recent lending activity by NTLF includes loans to support the conversion of: a former brewery into office and program space for a social services agency serving low-income populations; a shirt factory into retail, office and loft apartments, and a former telephone exchange building into residences. Additionional case studies illustrate the range of other successful adaptive reuse projects supported by NTLF.
To learn more about application requirements, please read the Loan Fund's Financing Checklist.
For more information, please submit our online inquiry form.
