The Linked Deposit Fund is a tool/product that is used to reduce the interest rate on permanent financing. The Linked Deposit Fund provides community-based nonprofit developers access to affordable financing from local lenders for housing and economic development projects.

Must be a member of the Finance Fund. Click here to apply for membership.

There is a $100 non-refundable application fee.

Deposit term is usually shorter than the loan term allowing for reuse of capital and expanding the efficiency and leverage of the deposit.

The low interest loans enable organizations to make projects affordable to the lowest income people in their communities. Low-income is defined as 80% of area median income.

All application submissions will be accepted in an open-window basis.

To review the Linked Deposit Fund policy and guidelines click here.

Unfortunately, we are unable to accept Linked Deposit Fund applications online at this time. To apply, please click here for an Application, complete it in full, and mail it to us for consideration. Potential applicants are encouraged to contact a Program Officer, Carol Carter: ccarter@financefund.org or Michael Thomas: mthomas@financefund.org to discuss the project and the availability of funding prior to submitting an application. 

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