Real estate development gap financing loans

These loans are for community-oriented development projects, like community centers.
Juxtaposition Arts - streetfront view of building - tables and blooming flower in pots on sidewalk

 

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.

See the Great Streets eligible area map

Email us to start a conversation

Mercado Central from outside; Photo courtesy Meet Minneapolis; CREDIT: Paola Carlson Sanchez

 

Contact us

Business Development Loans

Community Planning & Economic Development