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 closing
• Pre-development costs can exceed $500,000 for competitive 9% deals
• Covers architectural, engineering, environmental, market studies, and legal costs
• Flexible terms with conversion options to permanent financing
• Helps smaller developers and CDFIs compete with larger firms
• Joins ecosystem including Enterprise Community Loan Fund and LISC
• Currently accepting applications in Rose Community Capital service area

Developers should explore pre-development financing options as part of their capital stack planning for upcoming LIHTC applications.

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