Community Land Trust of Schenectady CountySince 1985, the Community Loan Fund has been linking socially concerned investors with community and economic development projects – projects developed by organizations like yours.

For nonprofits, the Community Loan Fund provides various types of loans and lines-of-credit. Loan applications may be submitted at any time – however, it is highly recommended that you discuss the application and the application process with a Loan Officer prior to submission. Each loan application is evaluated on a case-by-case basis for its financial viability and positive social impact. Program funds and terms are subject to change without notice.The Community Loan Fund can meet your nonprofit’s financing needs with:

  • Loans up to $500,000 (larger financing needs can be met with us arranging for other lending partners) with fixed interest rates
  • Minimum closing costs
  • Short and long term loans

Our financing can be used to:

  • Purchase or renovate real property for nonprofit office and program space
  • Purchase or renovate real property for affordable, supportive or special needs housing
  • Provide cash flow while awaiting funds from grants, contracts or other receivables
  • Provide lines-of-credit
  • Purchase equipment, vehicles, or other necessary assets, to operate successful programs
  • Expand services or start an entrepreneurial venture

154 Clinton Avenue, Exterior ViewReasons to borrow from the Community Loan Fund:

Mission-Driven. Our mission aligns well with yours. Our borrowers become part of a larger like-minded network, a community of socially concerned investors and mission driven organizations. Together, we can serve the community better and have a greater community development impact.

User-friendly and Experienced. Our staff and volunteers have decades of experience organizing, managing and financing nonprofits.  We will listen to your needs and develop financing that best meets your situation.

Affordable. Loans at fixed interest rates to meet your short and long-term financing needs. Closing fees and costs kept to a minimum. No pre-payment penalty.

Accountable. We are a private nonprofit organization, with an IRS 501(c)(3) determination.  We are community based and accountable to local residents, donors and investors.

IPH HousingLocal. Interest paid on our loans remains in the Capital Region, strengthening our local economy. As a revolving loan fund, Community Loan Fund monies are used over and over again to make more loans to area social and micro-entrepreneurs.  We recognize and embrace the importance of local decision-making and investing.
Examples of nonprofit borrower projects:

Better Neighborhoods in Schenectady borrowed money to construct 11 homes using green/ADA/universal design and building techniques which will be sold to income-eligible families.

Community Land Trusts in Albany and Schenectady have borrowed over $1 million, through numerous loans, to purchase and renovate vacant properties, providing homeownership opportunities for low-income people.

For more information or to apply for a loan, please contact Dorian Wells at