About Us

 Neighborhood Investment Partners (NIP) is partnering with the City of Covington to transform the 300 block of Pleasant Street in Covington’s Eastside neighborhood into a new 15-home workforce housing development. The project is creating quality, attainable homes that give working families an opportunity to become homeowners and invest in the future of their community. 

 The first phase includes two newly constructed homes at 304 and 308 Pleasant Street.

Each home features:

• 1,560 square feet
• 3 bedrooms
• 3 bathrooms
• Expected sales price of $250,000–$260,000
• Available to households earning no more than 80% of Area Median Income (AMI)

NIP and the City of Covington are combining resources to make this development possible. The City contributed three City-owned parcels to NIP, which consolidated the properties to create the site for the two homes and a shared driveway.

The City is also providing funding and construction subsidies through the federally funded HOME Investment Partnerships Program, helping make the homes more affordable for eligible buyers.

To build the homes efficiently and cost-effectively, NIP selected modular construction. The homes were manufactured by Unibilt Industries in a controlled factory environment before being transported to Covington and placed on their permanent foundations.

Once delivered, NIP will complete the remaining construction, including utility connections, mechanical systems, interior finishes, porches, driveways, walkways, landscaping, and other site improvements.

Modular homes are built to the same building codes as traditional site-built homes and provide the same quality, durability, and appearance.