Current Loans
Community Lenders was able to provide 1260 Housing Development Corporation (1260 HDC) with 2 loans in December 2009 that helped finance the purchase of 2, 3-story buildings in the Northeast neighborhood of Philadelphia. 1260 HDC will be able to provide low-income residents with physical and mental disabilities with 57 affordable home unit opportunities.

NorthStar Property Corporation of PA was able to refinance a loan on a building that houses the administrative offices for NorthStar Youth Services. NorthStar Youth Services provides a community home program for dependent children. Children are provided with counseling and other services, attend public school, and are encouraged to participate in school activities. When possible, the agency also facilitates the return of children in their program to families or relatives. At the time of the loan, there were 68 youths between the ages of 8 and 17 in the community home program.

 

Habitat for Humanity of Montgomery County, PA will be able to prepare its new ReStore at 533 Foundry Road in West Norriton for a grand opening in September 2010 thanks to a loan provided by Community Lenders. In addition, the nearly 20,000 sq. ft facility will house Habitat affiliate offices, allowing 10% annual growth, and will also provide space for their construction warehouse and wood shop.


Residential Housing

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We provide 30-year financing for low and middle-income housing projects. (not to individual homeowners).
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Community Development

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We provide 30-year financing for non-profits for facilities that will contribute to the area's development and economic well-being.
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Mixed-Use Loans

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For facilities that offer both housing and community development activities, we provide 25-or 30-year loans.
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Our Interest Rates

Non-Profit: 5.75%
For-Profit: 6.25%

Rates are subject to change without notice.