In partnership with the U.S. Department of Agriculture, eligible communities and nonprofits are now able to take advantage of $5 million in new funds that have been allocated for buildings, equipment, or community facilities.

How does it work?

Borrowers can use funds for public facilities, including:

• Historic building renovations
• Health care facilities such as hospitals, medical clinics, dental clinics, or nursing homes
• Public safety services such as fire trucks and public works vehicles or equipment
• Educational services such as museums, public schools, or child care facilities
• Local food systems such as community gardens, food pantries, and food banks

Qualified borrowers include:

• Public bodies
• Community-based non-profit corporations
• Federally recognized tribes

Projects in areas with a population of less than 20,000 in priority counties are given highest consideration. Other requirements may apply.

Loans amounts from $500,000 to $1.5 million. See our loan terms and conditions sheet to learn more.

At BCL of Texas, we believe in Building Strong Communities, starting with capacity-building funding for developers who want to bring community-driven housing and real estate developments projects to Texas neighborhoods.

Our Pre-Development Lending program provides funding for affordable housing developments and commercial real estate. Qualifying housing projects must be affordable for buyers up to 120% AMI and renters up to 80% AMI. Commercial real estate projects must be located in federally designated low-income, underserved, or distressed Census tracts. Qualified borrowers include nonprofit organizations, for-profit businesses with 3+ years in real estate development, and single asset entities with nonprofit sponsors or partners. Priority will be given for minority-owned development companies.

Loan amounts range from $50,000 to $500,000, and qualifying expenses include:

• Land acquisition
• Market analysis & appraisals
• Environmental assessments
• Architectural & engineering plan
• Site plans and surveys
• Permitting
• Infrastructure
• Site development