National Urban League & Enterprise CLF Intro New Loan Fund
The National Urban League and Enterprise Community Loan Fund have partnered to create the Enterprise Community Loan Fund-National Urban League (ECLF-NUL), a lending opportunity designed to meet the credit needs of community developers serving our nation’s low income areas.
ECLF-NUL is a short term loan product eligible for the preservation of multifamily housing, for- sale single family housing and special purpose housing as well as community facility and mixed use development. Loans may be used for predevelopment, acquisition, construction/renovation and bridge financing needs.
Target markets include Atlanta, Jacksonville, Kansas City, New Orleans, Chicago, Los Angeles, Philadelphia, Baltimore, Washington, DC, San Francisco, Los Angeles, The Gulf Coast, Pacific Northwest; and the states of Ohio and New York. Other projects will be considered on a case by case basis.
Neighborhood Stabilization Program grantees and sub- recipients are uniquely positioned to leverage this lending opportunity as for-sale single family housing projects are limited to NSP activities (bridge financing).
For more information visit http://www.nulloans.org or email info@nulloans.org
Kay Smith
Sr. Advisor Community Economic Development
T. Brown Consulting Group
ECLF-NUL is a short term loan product eligible for the preservation of multifamily housing, for- sale single family housing and special purpose housing as well as community facility and mixed use development. Loans may be used for predevelopment, acquisition, construction/renovation and bridge financing needs.
Target markets include Atlanta, Jacksonville, Kansas City, New Orleans, Chicago, Los Angeles, Philadelphia, Baltimore, Washington, DC, San Francisco, Los Angeles, The Gulf Coast, Pacific Northwest; and the states of Ohio and New York. Other projects will be considered on a case by case basis.
Neighborhood Stabilization Program grantees and sub- recipients are uniquely positioned to leverage this lending opportunity as for-sale single family housing projects are limited to NSP activities (bridge financing).
For more information visit http://www.nulloans.org or email info@nulloans.org
Kay Smith
Sr. Advisor Community Economic Development
T. Brown Consulting Group
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© 2012 Created by Center for Housing Policy staff.
