Growing Rural Communities Fund
To support economic opportunity and job creation in rural communities across the country, Rural LISC has launched the Growing Rural Communities Fund (GRC Fund), a new financing tool to provide low-interest loans to qualified real estate projects. By using $7.5 million of LISC's New Markets Tax Credit allocation, we are able to offer 7-year mini-permanent loans with a 2% interest rate and a three-year interest-only period.
Both for-profit businesses and nonprofits are eligible to apply for GRC Fund loans from $250,000 to $2 million, which can finance real estate acquisition and construction costs. The GRC Fund offers loans to projects in low-income rural communities.
Please reach out to Kristin Blum, Rural LISC Lending Officer, at firstname.lastname@example.org for more information.
For details about the Fund, please see our term sheet.
Know a rural project that would benefit from the GRC Fund's favorable rates and terms? We offer a 2% referral fee to partners who refer and assist in closing loans. Learn more here.