General Information and Structure
Lender:
Low Income Investment Fund (LIIF)
Lending Type:
CDFI
Jurisdiction:
CA
Through its Revolving Loan Fund (RLF), LIIF provides predevelopment, acquisition, construction and term financing to nonprofit and for-profit affordable housing developers. RLF funds may cover the closing costs and capitalized interest reserve, if necessary. Loan terms: Predevelopment: Up to 2 years Acquisition: Up to 3 years Construction: Up to 2 years Mini-Perm: Up to 10 years
Active or Closed Program?:
Active
Eligibility Criteria:
Nonprofit and for-profit affordable housing developers
Type of Financing:
Acquisition/Predevelopment
Construction/Rehab
Mini-Permanent/Permanent
