Featured Programs

The following is a sample of featured programs, representing our most typical program offerings. Please note that these particular programs may or may not be available since new products are continually being developed, while others can be discontinued.

Contact us to speak with a program officer about which product mix will work best for you.

Credit Enhancement Programs

• Linked Deposit Fund: Affordable financing from local lenders for housing and economic development projects; reduces the interest rate on construction or permanent financing. Click here for policies and guidelines. 
• Child Care Capital Fund: Resource for financing real estate projects available to Head Start agencies; reduces the interest rate on permanent financing
• By Car: Initiative that provides affordable used car financing and consumer assistance to approximately 60 low-income participants statewide

Grants

• PreDevelopment Grants: Funding for community-based non profits for project “soft costs” on housing and economic development projects. Click here for policies and guidelines. 
• Economic Development Grants: Funding for neighborhood commercial improvement projects that create private-sector jobs to strengthen the area’s economic base. Click here for policies and guidelines. 
• By Car: Initiative that provides affordable used car financing and consumer assistance to approximately 60 low-income participants statewide

Urban & Rural Lending

• New Markets Loans: Credit for fixed assets to nonprofit and for-profit business borrowers in qualifying low-income census tracks
• IRP: Low-interest loans with flexible terms to small businesses and community facilities for start up or expansion
• Accounts Receivable LOC: Line-of-credit for non-profits or small businesses with cash flow issues as a result of contract-based accounts receivables
• LandLOC: Line-of-credit to qualifying nonprofit organizations, enabling site control of vacant or abandoned properties