LISC National
Our Model

Rural LISC Loan Products

We want your projects to work. Rural LISC has a variety of flexible lending products designed to help local groups bring development projects to fruition. Our loans cover every phase of development, from acquisition to working capital and all the steps in between. We are committed to working together with developers to get projects done, whether it entails building affordable housing or a school or launching a retail or commercial venture.

Below are descriptions of the products and resources we offer. Please keep in mind that terms are subject to change and all loans must go through underwriting and credit approval process.


Loans for rural economic development projects

  • Road to Capacity Predevelopment Fund (RCPF):  A revolving fund to address predevelopment needs, which can be a barrier for many rural development projects. RCPF will provide 0% interest repayable investments for predevelopment and feasibility costs of high impact community development projects that will spur economic development in Rural America.  

Loans for housing

  • Rental Housing: This financing is for the preservation and development of affordable multifamily rental housing as well as market rate housing in certain markets that serves a broader community development purpose.
  • For Sale Housing: Often partnering with public sector housing agencies and development entities, this financing is designed to foster home ownership for low-income residents and families, and includes subdivision/infrastructure development, new construction, home repair and manufactured housing.

Loans for education

  • Child Care Centers: LISC provides financing for the development and improvement of early childhood centers serving low-income children and families.
  • Charter Schools: LISC finances facilities for high-quality charter schools that offer educational choice to low-income families in historically under-performing school districts.

Loans for health

  • Health Care: LISC provides access to quality health care by financing community-based health care facilities nationwide.
  • Healthy Foods: With resources from the CDFI Fund’s Healthy Food Financing Initiative, LISC provides low-cost financing for projects that increase access to healthy food, primarily via retail food outlets such as supermarkets or food coops in federally-designated food deserts.

Loans for rural community facilities

  • Rural LISC Community Facilities Fund: LISC provides permanent and construction to permanent financing for rural community facilities, including health care centers, hospitals, educational facilities, and other nonprofit and public facilities, in rural communities with populations under 20,000.

Loans for business

  • immito: LISC is partnering with immito, a small business lender focused on filling the gaps to capital access to support emerging and growing businesses in all 50 states.
  • Commercial/Industrial and Mixed Use Development: LISC financing to help create thriving commercial and retail districts that provide much-needed goods and services to underserved communities.

Loans for nonprofit organizations

  • Nonprofit/Other: LISC provides working capital lines of credit and a variety of financing products for the development and/or improvement of buildings occupied by our nonprofit partners in their service provision.

Lending by type of product

  • Predevelopment: Early stage investments in planning, design, and environmental and structural assessments for projects that are proceeding to construction. Proceeds are used to pay due diligence expenses, deposits and other predevelopment costs.
  • Acquisition: Financing to help pay the purchase price and closing costs for property acquisition. These loans are generally made when construction and permanent financing have been secured or preliminarily committed.
  • Construction: Loans to projects, either as a sole source of financing or in concert with other lenders. Construction loans are provided for hard and soft building and improvement costs, including new construction, substantial or moderate renovations, and leasehold improvements.
  • Mini-Permanent: Longer-term, partially amortizing loans for certain projects, including rental housing, community facilities and economic development projects. LISC’s mini-permanent loan is typically originated as a construction loan that converts to mini-perm when certain conditions are met, such as issuance of a certificate of occupancy. Mini-permanent loans include leverage loans for New Markets Tax Credit projects.
  • Permanent: Long-term financing or refinancing of acquisition, construction and renovation projects in low-income areas or that serve low-income populations for several project types, including the rental housing, charter school, health center, commercial and nonprofit asset classes.
  • Bridge: Financing to bridge the timing gap between expenses needing current payment and receipt of cash from committed or anticipated sources of capital not yet available, including capital campaign commitments, public contracts or note proceeds, earned developer fees and tax credit capital contributions.
  • Working Capital: Financing to fill credit gaps for our strongest borrowers by providing flexible working capital lines of credit to meet organizational cash flow needs or pay project-based expenses.