HFHI-SA NMTC I, LLC

St. Louis MO


HFHI-SA NMTC I, LLC CDE (HFHI) received an allocation of NMTCs for use in the recovery and redevelopment of the Hurricane Katrina Gulf Opportunity Zone. HFHI will provide real estate loans to local Habitat affiliates for the purpose of developing and selling for-sale housing to low-income persons. The loan features will include low-cost fees, innovative collateral requirements and interest rates below two percent. A portion of the NMTC allocation will also be used to support the development and operation of ReStores – retail stores that sell new or used household and building supplies that have been donated.

CDFI Awards for HFHI-SA NMTC I, LLC


NMTC (2009) - $50,000,000

HFHI-SA NMTC I, LLC (HFHI-SA CDE) will use its NMTC allocation to provide favorable loan rates and terms to Habitat for Humanity International, Inc. organizations (Habitats) nationwide to develop for-sale housing for low-income homeowners, built by the homeowners with assistance from volunteers. These local Habitats will provide no-interest mortgages to the homeowners. The NMTC loan product is the most flexible and low-cost financing that HFHI can make available to the local Habitats. With NMTC funding, the Habitats will be able to significantly increase the number of homes they build -- enabling the Habitats to create sustainable neighborhoods in areas suffering from disinvestment and blight.



NMTC (2007) - $25,000,000

HFHI-SA NMTC I, LLC CDE (HFHI) received an allocation of NMTCs for use in the recovery and redevelopment of the Hurricane Katrina Gulf Opportunity Zone. HFHI will provide real estate loans to local Habitat affiliates for the purpose of developing and selling for-sale housing to low-income persons. The loan features will include low-cost fees, innovative collateral requirements and interest rates below two percent. A portion of the NMTC allocation will also be used to support the development and operation of ReStores – retail stores that sell new or used household and building supplies that have been donated.



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USBCDE, LLC
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