Mid-Atlantic, Baltimore, DC, Ohio
As one of the largest nonprofit community development financial institutions in the country, Enterprise Community Loan Fund delivers high-impact capital to the people and places that need it most.
Partnering with community groups and investors, we combine financial discipline, deep expertise and highly-collaborative partnerships to build and preserve homes people can afford, and invest in neighborhood resources and facilities residents needed most, including schools, federally qualified health centers, stores with healthy food options and more.
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Track Record
| Investment Discipline | Social Impact |
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*Aeris is a CDFI rating agency and rates CDFIs for both financial strength and Impact. Standard & Poor’s Global ratings provides ECLF a rating as an issuer of securities. S&P also rated ECLF’s Series 2018A General Obligation Sustainability Bonds which were issued in 2018. S&P updates both ratings on an annual basis. Neither the Aeris nor the S&P ratings should be interpreted as a statement as to the risks or suitability of an investment in securities issued by Enterprise Community Loan Fund other than the Series 2018A Bonds. Past performance is not a guarantee of future results.
Focus Areas
- Affordable Homes: Build and preserve good homes
- Health: Promote well-being through accessible, culturally competent medical services
- Fresh Food Access: Develop and invest in grocery stores with nutritious foods
- Sustainability: Finance green, energy-efficient solutions, including solar
- Education Access: Finance high quality early childhood education and charter school facilities
- Transit-Oriented Development: Create affordable homes near public transit
- Racial Equity: Fill gaps in capital funding created by decades of systemic racism in housing
Community Partners
Our CDFI provides flexibly designed loans to build and preserve homes with affordable rents, health care clinics, grocery stores, schools, among others community facilities.
Types of Loans
Interest rates are indications only.
Predevelopment: Third party expenses related to design and development activities prior to construction.
- Term: up to 24 months
- Loan Amount: up to $2 million
- Interest Rate: 5–7% based on project, sponsor risk and other variables
Acquisition and/or Preservation Loans: Available for land and building acquisition and critical repairs
- Term: up to 48 months
- Loan Amount: up to $7.5 million
- Interest Rate: 5–7.5%, LIBOR + 4.5%
Construction and Bridge Loans: Available to pay for new construction or rehabilitation with expected repayments typically from a permanent loan, LIHTC equity, and/or Historic Tax Credit Equity. May also be used to bridge other financing sources.
- Term: up to 60 months
- Loan Amount: up to $7.5 million
- Interest Rate: 5–7%, LIBOR + 4.5%
Mini-Permanent Loans: Available for acquisition/refinance of operating housing and community facility properties. May also be paired with a construction loan for the development of a new property.
- Term: up to 120 months
- Loan Amount: up to $7.5 million
- Interest Rate: 6– 7%
