Because the Foundation for Thriving Communities is Affordable Housing
Catalyst Development Corporation Affordable Housing Gap Financing Product:
At Catalyst Development Corporation, we believe that affordable housing is the cornerstone of a strong, thriving community. That’s why we provide flexible financing options to support small businesses and organizations dedicated to renovating, constructing, and redeveloping affordable housing units.
Our flexible small business loans are designed for individuals and groups committed to serving low- to moderate-income residents in underserved neighborhoods, helping ensure that everyone has access to safe, quality, and affordable homes. By empowering developers and community leaders with the capital they need, Catalyst helps strengthen neighborhoods and foster long-term community growth.
Product Fact Sheet
Eligible Borrowers
Both nonprofit and for-profit affordable housing developers are eligible for financing. The property may be located in an eligible underserved community and/or sold/rented to a low- or moderate-income individual or family.
Loan Terms
The loan terms are flexible and are based on the capital requirements of the project. Flexible terms may include a period of interest-only financing, below market interest rates, or substantial better than market loan to value requirements. All loans require collateral. In most instances, the loan will be secured by the property financed. There is no minimum loan amount; however, the maximum loan is determined on a case-by-case basis.
Application Process
Please email us at info@catalyst4people.com to discuss your project and to receive an application.
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Catalyst Development Corporation is an Equal Opportunity Lender.
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Catalyst is currently seeking capital to expand its product offerings to include small business loan products.