We Build Strong and Healthy Neighborhoods
Predevelopment Loan Fund
RHCDA operates a Predevelopment Loan Fund that provides not-for-profit organizations with a source of funds for costs incurred during the early stages of real estate development projects in their neighborhoods. Many not-for-profit organizations do not have the financial ability to pay the costs necessary to get a development project to the point where construction loan funds become available. Conventional financing from banks is generally not available to pay for these predevelopment costs. The purpose of the RHCDA Predevelopment Loan Fund is to provide a source of financing for these costs and to accelerate the time from project inception to construction start-up.
Click here for a Predevelopment Loan Application (complete the application online and print it out for submission)
For more information, please contact:
Jim Lutz, Housing Development Project Manager
314-333-7002 or jim@rhcda.com