Loan Fund

ICE’s Revolving Loan Fund has been providing financing for over 26 years! Since its creation in 1979, ICE’s Revolving Loan Fund (RLF) has loaned almost $44 million, representing more than 445 loans to community organizations in 30 states and facilitating the development of more than 4,500 housing units.

ICE’s principal lending goes to community land trusts, limited equity cooperatives, and community-based nonprofit organizations creating housing that is permanently affordable to people with lower incomes. Funds from the RLF are commonly used to finance land acquisition and the acquisition, construction and rehabilitation of housing. Other frequent uses include the acquisition of office space or other property by a nonprofit community service organization.