Episode 43: Rose Community Capital Launches LIHTC Pre-Development Loan Program

Rose Community Capital has launched a new pre-development loan program specifically designed for affordable housing developers pursuing LIHTC projects. The program addresses a critical financing gap between site acquisition and construction closing.Addresses critical gap between site acquisition and construction closingPre-development costs can exceed $500,000 for competitive 9% dealsCovers architectural, engineering, environmental, market studies, and legal costsFlexible terms with conversion options to permanent financingHelps smaller developers and CDFIs compete with larger firmsJoins ecosystem including Enterprise Community Loan Fund and LISCCurrently accepting applications in Rose Community Capital service areaDevelopers should explore pre-development financing options as part of their capital stack planning for upcoming LIHTC applications.Subscribe to The Spring Street Brief for daily updates on LIHTC financing resources, CDFI lending programs, and affordable housing development tools.Keywords: Rose Community Capital, pre-development loan, LIHTC financing, affordable housing development, predevelopment costs, CDFI lending, community development financial institution, Enterprise Community Loan Fund, LISC, 9% LIHTC, capital stack, affordable housing financing, development financing, bridge loan, construction financing, market study, environmental assessment, LIHTC application, emerging developer, affordable housing developer]]>