Affordable Housing Lending

A safe, affordable home is one of the basic requisites of life—a key to individual health and well-being, and the foundation for sustainable, eco­nomically vibrant and diverse neighborhoods. 

Housing is where LISC started. And it’s still the cornerstone of our mission, even as our vision has expanded to incorporate work to improve education, health, safety and economic growth in the places where we work. LISC helps make qual­ity, affordable housing available to low-income and vulnerable residents—from seniors to veterans to the formerly homeless—in underserved communities.

Affordable housing has benefits that extend beyond the walls of a home to the community at large. It boosts spending and employment in the surrounding economy, brings revenue into local governments and reduces the likelihood of foreclosure.

Creation and Preservation of Affordable Homes

LISC Massachusetts supports community-based real estate preservation and creation through a variety of loan types:

• Predevelopment: Early stage investments in planning, design, and environmental and structural assessments for projects that are proceeding to construction. Proceeds are used to pay due diligence expenses, deposits and other predevelopment costs.
• Acquisition: Financing to help pay the purchase price and closing costs for property acquisition. These loans are generally made when construction and permanent financing have been secured or preliminarily committed.
• Construction
• Mini-Permanent
• Permanent
• Bridge
• Working Capital Line of Credit
• Solar Energy Loans
• Transit-Oriented Development

See below for our currently available financing opportunities. Please note that certain types of projects may be eligible for additional sources that can improve loan terms. Contact Gustavo Quiroga with project-specific questions.