NTLF-Knight Affordable Housing Fund
The National Trust Loan Fund (NTLF) is pleased to announce the creation of a $5 million loan pool to assist in developing affordable housing in targeted cities across the country. The National Trust for Historic Preservation promotes a preservation-based approach to community development, encouraging the creative reuse of a neighborhood's existing assets, including older buildings and traditional resident-serving business districts.
The loan fund has been made possible through a $1.3 million grant from the John S. and James L. Knight Foundation. The grant targets the 26 Knight communities across the country where the Knight brothers owned newspapers plus Gulfport, MS and Pontiac, MI. It will be used to facilitate projects financed through the loan pool. (Applicants from outside the 28 cities may be eligible for financing but may be subject to a higher interest rate). Of the 28 cities, preference will be given to the eight cities that participated in the National Trust for Historic Preservation's Preservation Development Initiative (PDI), also funded by Knight Foundation. Those cities are denoted by an asterisk:
| Akron, OH | Lexington, KY |
| Aberdeen, SC | Long Beach, CA |
| Biloxi, MS | Macon*, GA |
| Boulder, CO | Miami*/Dade, FL |
| Bradenton, FL | Milledgeville, GA |
| Charlotte, NC | Myrtle Beach, SC |
| Columbia, SC | Palm Beach, FL |
| Columbus*, GA | Philadelphia*, PA |
| Detroit, MI | Pontiac*, MI |
| Duluth*, MN | San Jose*, CA |
| Fort Wayne, IN | St. Paul*, MN |
| Gary, IN | State College, PA |
| Grand Forks, ND | Tallahassee, FL |
| Gulfport, MS | Wichita, KS |
For complete application information, refer to the Request for Projects. The loan application must be completed and received by September 30, 2008. Please contact the Loan Fund at 202-588-6360 or NationalTrust_LoanFund@nthp.org with any application questions.
