Borrowing From the Greater New Haven Community Loan Fund
The Greater New Haven Community Loan Fund’s Community Loan Pool funds organizations that benefit the housing and community needs of low and moderate income residents throughout the 27 towns and cities of New Haven County and beyond.
GNHCLF lends to both nonprofit and for-profit housing developers/owners who create or preserve affordable housing options for low and moderate income residents. We finance all phases of housing development, including pre-development, acquisition, construction, bridge, and semi-permanent loans that support single family or multi-family projects, homeownership or rental projects. We encourage housing for special needs populations, including transitional, permanent supportive, intergenerational, cooperatives, and veterans. We offer flexibility, patience, and an understanding of financing and development issues.
GNHCLF lends to qualified nonprofit organizations against contract or grant receivables to cover operating expenses. The program enables groups to solve immediate cash flow problems and address some of the underlying reasons for the shortfall, while helping them to establish a strong credit history. Nonprofit agencies are encouraged to apply for pre-qualification before an actual need arises so that a loan can be processed quickly.
GNHCLF lends to qualified nonprofit organizations for building repairs and upgrades to facility space, or purchases of technology and other equipment. Facilities may include housing, child care, health care, educational, arts, job training, elderly. Priority is given to nonprofits who serve low income communities, promote job growth, and plan green building updates.