HDC Community Fund
Underwriting loans to close gaps in community development financing
Financing a mission-driven development is like assembling a jigsaw puzzle. It takes multiple sources, in different shapes and sizes, to bring a project to completion. When the pieces don’t lock together on time, opportunities can be lost. The HDC Community Fund fills critical gaps in the puzzle.
A certified Community Development Financial Institution, the HDC Community Fund meets needs that conventional lending programs don’t. We fund developments that serve low-income individuals and communities. Our loans cover early development costs, such as feasibility studies and property acquisition; and they bridge short-term gaps in construction financing. We offer flexible payment terms, low interest rates, and quick turnarounds tailored to the needs of not-for-profit developers.
Housing Development Center’s access to affordable sources of capital is part of what makes our special approach to lending possible. So is the deep experience the HDC team brings to the work of community development. Through wise, responsive, mission-driven investments, the HDC Community Fund transforms obstacles into opportunities, perceived risks into tangible community rewards.Learn more about projects we’ve funded.
Click here to download an application.
"The Community Fund staff are thorough and knowledgeable, and they really care about the organizations they work with and the people we serve."
- – Ruby Mason
- Executive Director, Columbia Cascade Housing Corporation
