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The Predevelopment Loan Program

Funding

Description

The Predevelopment Loan Program is an exceptional financing opportunity for community developers working on early stage development project focused on re-stabilizing existing Baltimore City neighborhoods. The developer borrowers may be non-profit or for-profit entities that are in the planning stages where the initial site control and other planning work is needed in advance of formal development or project financing. Designed for properties with a variety of potential uses, this flexible program typically serves during the planning stage on the redevelopment of rental or homeownership housing for low- to moderate income families. However, community-based mixed-use or commercial may also apply.

Tags

Loans, Debt Capital

Resource Providers:

Private Non-Profit

The Baltimore Community Development Financing Corporation was created as a financing intermediary in 1989 to promote the revitalization of neighborhoods within Baltimore City. The entity was federally certified as a nonprofit community development financial institution (CDFI) in 2002, changed its name to Baltimore Community Lending (BCL) in 2006.

Baltimore Community Lending (BCL)

Affiliated Ventures:

Resource Details
For Startups
For Nonprofits
For Small Businesses

The Predevelopment Loan Program is an exceptional financing opportunity for community developers working on early stage development project focused on re-stabilizing existing Baltimore City neighborho…

Earliest Stage Served:
Early
Latest Stage Served:
Growth
All Stages Served:
Early, Established, Growth
Industries Served:

Community Development

Contact Them

875 Hollins Street, Suite 301Baltimore, MD 21201

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