Real estate development gap financing loans
These loans are for community-oriented development projects, like community centers.
What we fund
Real Estate Development Gap Financing Loans support the development of buildings that have positive effect on a Great Streets area, such as:
- Community health centers or theaters
- Cultural centers
- Food co-ops
Use of funds
Funds can be used to:
- Buy land or existing buildings
- Pay for hard construction costs, construction-related fees and professional services
- Make exterior and interior repairs and improvements to buildings
Applications
- We accept applications on a rolling basis.
- We typically award these loans to nonprofits doing a capital project, but businesses can apply.
- Your project must be in a Great Streets eligible area.
- Email us to have an initial conversation about your project.
Contact us
Business Development Loans
Community Planning & Economic Development