Enterprise Community Loan Fund Products
Enterprise Community Loan Fund strives to offer flexible, innovative loan products to help make it possible for developers and nonprofit organizations to create sustainable, affordable housing and community facilities.
- Predevelopment Loans
Available for third-party due diligence, deposits for site control, permits and applications and consultant fees
- Acquisition Loans
Available for land and building acquisition, predevelopment costs and critical repairs
- Mini-Permanent: Community Facilities
Available for land and building acquisition, predevelopment costs and critical repairs
- Acquisition/Mini-Permanent: Housing
Available for the acquisition of operating buildings, predevelopment costs and critical repairs
- Construction and Bridge Loans
Available for construction of community facilities and housing developments
- Permanent Loans
Long-term, fixed-rate capital to support a variety of community project needs; provided through the U.S Treasury Department’s CDFI Bond Guarantee Program.
- Denver Regional TOD Fund
Provides acquisition financing to purchase and hold property alongside transit corridors for the preservation or development of affordable housing and community facilities projects. - Funding for Rapid Recovery and Rebuilding
To support recovery and rebuilding following the 2017 hurricanes and California fires, Loan Fund has partnered with Mercy Loan Fund and NeighborWorks Capital to offer $15 million in capital, which will offer affordable housing and community development organizations lower-interest loans for a range of needs, including repairing, relocating and rebuilding homes and other infrastructure.
Local Loan Funds
In partnership with other funding organizations, Enterprise manages local loan funds across the country.
- Bay Area Transit-Oriented Affordable Housing Fund
A financial resource for the development of affordable housing and other community services near transit lines throughout the nine-county San Francisco Bay Area.
Contact - Justin Chen 415.400.0976 - Denver Transit-Oriented Development Fund
The Denver TOD Fund is an effort to purchase and hold sites for future community use, in anticipation of new transit stations opening and the subsequent land value increases.
Contact - Joshua Griff 303.376.5409 - Golden State Acquisition Fund
Makes loans to housing developers to acquire real property for the development and preservation of affordable housing.
Contact - Brandon McCall 213.787.8227
- Metro Affordable Transit Connected Housing Program (MATCH)
MATCH provides critical funding to preserve and expand affordable housing located near Los Angeles County public transit. Through the MATCH program, nonprofit and for-profit developers can access acquisition and predevelopment financing for rental housing opportunities at favorable terms.
Contact - Brandon McCall 213.787.8227 - New Generation Fund, Los Angeles
Offers acquisition and predevelopment loans to developers committed to the creation and preservation of affordable housing in the City of Los Angeles.
Contact - Brandon McCall 213.787.8227
- New York City Acquisition Fund
Offers flexible bridge loans for the purchase of vacant sites or occupied buildings, predevelopment, and moderate rehabilitation to developers committed to create or preserve affordable housing in the five boroughs of New York City.
Contact - Katia Izyumova 212.284.7113, or Jessica Neilan 212.284.7139
- Regional Equitable Development Initiative (REDI) Fund
In response to the significant investments being made in Puget Sound transit, the public-private Regional Equitable Development Initiative (REDI) Fund was created to help finance the acquisition of property along transit corridors to preserve the affordability of future housing and community facilities.
Contact - Jonathan Clarke 206.223.4516