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Local Loan Funds

Local Loan Funds

In partnership with other funding organizations, Enterprise manages local loan funds across the country. 
  • Chicago Southland Community Development Loan Fund
    A $6 million (and growing) fund offering two products to finance predevelopment (up to $3,000,000, with an interest rate of 3 percent, and a term of up to 3 years) and acquisition (up to $3,000,000 with options for variable and fixed interest rates, and a term of up to 5 years) strategies within one half-mile of Metra or South Shore stations and high-frequency bus routes, such as Pace.
  • Golden State Acquisition Fund
    Makes loans to housing developers to acquire real property for the development and preservation of affordable housing.
  • 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.