Affordable Housing Loan Fund

The Affordable Housing Loan Fund provides loans for developers of affordable housing for home ownership or rental.  Borrowers may be not-for-profit or for-profit developers of low-to-moderate income housing and can borrow up to $350,000 per obligor.  This includes funds for pre-development, acquisition, construction, and renovation, as well as bridge and gap financing. 

The term of the loan is 2 months to 5 years, depending upon the nature of the loan. Generally, the Affordable Housing Loan is combined with funding from other sources and applicant resources as part of a much larger project.

Housing Pre-Development Revolving Loan Fund