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RCAC Loan Fund Finances Housing Development
RCAC’s Loan Fund has lending capital available to help finance your housing development, whether you need financing for acquisition, predevelopment or construction. RCAC offers competitive rates and timely and responsive processing. For a limited time, we also have lower rate financing (5 percent for 24 months) for certain qualified projects –- those in a high housing need census tract (Neighborhood Stabilization Program eligible) or for projects with deep affordability (at least 5 percent of units for extremely low-income households –- 30 percent Area Income). Go to RCAC’s website for an application and other important details.
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