Our Initiatives

community lending

Single Family and Multifamily Affordable Housing Preservation

TCC Land Bank's core financing program aligns with its neighborhood recovery efforts by providing nonprofit and for-profit development partners market rate loans for acquisition and rehab of both single family and multifamily properties.  Development partners establish a line of credit that has the flexibility to purchase and rehab properties in the seven-county Twin Cities area in conjunction with or without subsidy dollars.  Loans are short term and require that single family properties are sold to homeowners at 115% area median income or less.  Multifamily properties also require renters at 80% area median income and a commitment to have a responsible manager.  Development partners agree to rehab all properties to TCC Land Bank's community standards.  Click here for an example of the Community Standards for Single-Family projects.

Back to Community Lending Overview.