Permanent, independent housing for low-income individuals and adults with disabilities. Our loan to Arch III Associates helped finance renovations of Powelton Gardens, a 16-unit building housing low-income individuals, some of whom have mental or physical disabilities. Most of the project was funded by a tax credit syndication—Community Lenders closed the gap to provide the rest of the project’s financing. The building is managed by non-profit 1260 Housing Development Corporation. (Loan Pool IV – 10/8/08)

Ambler Theater, Inc. consolidated construction debt to get more affordable payments. Our loan to Amber Theater, Inc. consolidated several pieces of construction financing acquired to renovate the building into 3 separate theaters. Monthly payments are now more affordable, freeing funds for their events and programs. Ambler Theater fosters arts, culture, and education through discussion groups and lectures, cultural events, matinees for kids, and more. (Loan Pool III – 10/17/08)