Builder & Developer Loans

Financing for Affordable Housing Construction

About the Builder & Development Fund

RCLF is addressing the need for affordable housing solutions in Mississippi and Alabama through the Builder & Development Fund. The Fund helps secure financing for builders and developers to add to the stock of affordable housing.

With adequate affordable housing, a state is able to keep its current residents as well as attract new ones—producing growth in local economies and opportunities for people at all income levels.

This loan is available for developers who are building affordable housing in Mississippi and Alabama, including developers based outside of these states.

Our goal is to create opportunities for safe, affordable homeownership for residents of Mississippi and Alabama.

Small Developers Welcome

RCLF uses the Development Fund to make smaller loans or lines of credit to developers who are building smaller amounts of housing. This includes those developers who are just building a single unit at a time.

Gap Financing

If you’re a developer looking to fill a funding gap, we offer gap financing for developments. We can even partner with municipalities or other developers.

Submit a Builder & Development Fund Loan Application

Take the next step towards providing Mississippi and Alabama with affordable housing and apply. Complete an application and provide documentation.