Pre-Development Loan Program

Fund Administrator
Program Status
Program Description

Provides financial assistance in the form of an interest free loan to the Developer for predevelopment
costs incurred in connection with the construction, rehabilitation or renovation of decent, safe and sanitary dwelling
units for low and moderate income families.

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).

Program Type
Type of Funding
Source of Funds
FLEX or Housing Repayment and Revolving Loan Fund/federal HOME funds
Funding Amounts/Limits

Up to $300,000

Target Population(s)

The majority of projects serve households with incomes of 25%-60% of the area median income (AMI).

Links to Additional Resources

    Eligibility

    Eligible Applicants
    Eligible Project Size
    Other Eligibility Guidelines

    Application

    Application Timeline
    Overview of Application Process

    Additional Information

    Other Notes
    Last Updated
    June 6, 2024
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