RHCDA operates a Predevelopment Loan Fund that provides not-for-profit organizations with a source of funds for costs incurred during the early stages of real estate development projects in their neighborhoods. Many not-for-profit organizations do not have the financial ability to pay the costs necessary to get a development project to the point where construction loan funds become available. Conventional financing from banks is generally not available to pay for these predevelopment costs. The purpose of the RHCDA Predevelopment Loan Fund is to provide a source of financing for these costs and to accelerate the time from project inception to construction start-up.
Click here for a Predevelopment Loan Application (complete the application online and print it out for submission)
For more information, please contact:
Jim Lutz, Housing Development Project Manager
RHCDA is Regional Housing and Community Development Alliance, a nonprofit organization that creates and supports the alliances that make smart, sustainable neighborhood revitalization possible in the St. Louis region.
"With their vast knowledge of St. Louis neighborhoods and communities, RHCDA helps us figure out how to channel our resources into projects that will have the most lasting impact, and into projects that contribute to broad-based efforts designed to uplift the entire region."
- Mary Campbell, Assistant Vice Chancellor for Real Estate, Washington University