Neighborhood Finance Corporation

Multifamily Permanent Financing

Supporting Long-Term Affordable Housing

NFC has secured funding to expand affordable rental housing through flexible permanent financing for multifamily developments.
Designed primarily for LIHTC (Low-Income Housing Tax Credit) developments, this financing helps developers preserve affordability while leveraging private financing, tax credits, and other funding sources.

Current program availability is limited to projects located within the City of Des Moines.

Flexible Financing for Affordable Housing Development

Affordable housing developments rarely fit into one financing model.

That's why NFC works directly with developers, nonprofit organizations, and community partners to structure financing that complements public incentives, tax credits, grants, and private capital.

If your project supports affordable housing or neighborhood revitalization, we'd welcome the opportunity to discuss financing options that may help move your project forward.

Why Developers Choose NFC

Unlike traditional lenders, NFC understands the unique challenges of community development and affordable housing.
Financing That Fills the Gap Our commercial lending programs are designed to complement—not compete with—other financing sources.
Affordable Housing Expertise We understand layered financing, tax credits, public incentives, and mission-driven development.
Flexible Solutions Every project is different. We work collaboratively to develop financing structures that support successful outcomes.
Community-Focused Investment Our mission is to strengthen neighborhoods by increasing housing opportunities and supporting sustainable redevelopment.

Let's Talk About Your Project

Whether you're building new homes, building or preserving affordable housing, or leading a neighborhood redevelopment effort, NFC can help identify financing solutions designed around your project's goals.
Image
Ryan Mortier
Commercial Real Estate Lender
515-273-1377