Predevelopment Loan Fund
How Can You Help?
The National Low Income Housing Coalition is providing this data as a public service. NLIHC will continue to update the database. The accuracy of the data is based on information provided by the programs' administrators and user submissions.
The Predevelopment Loan Program covers non-administrative pre-development costs associated with construction, rehabilitation, or renovation of low income housing. Eligible expenses include architectural designs, feasibility studies, market studies, appraisals, and option payments to acquire a site. Loans are available for up to $300,000. All loans are 0% interest and available for a term of 24 months. The majority of projects serve households with incomes of 25%-60% of the area median income (AMI).
The program is funded using the Flexible Housing Fund or the Housing Repayment and Revolving Loan Fund.
Contact: Michael Santoro, Connecticut Department of Housing, 860-270-8224, [email protected]