INSTITUTE FOR COMMUNITY ECONOMICS, INC.

57 School Street
Springfield, MA 01105-1331
(413) 746-8660
Fax: (413) 746-8862

ICE REVOLVING LOAN FUND
PRE-APPLICATION

Date Submitted:

Organization Name:

Address:

Contact Name:

Phone Number:

Fax:

Requested Loan Terms

Amount:

Term:

Interest Rate:

Total Project Cost:

Repayment Schedule:

Purpose of Loan:

Date Decision Needed:

Explain:

Date Loan Needed:

Explain:

Attachments

Attach the following documents:
List of sources and uses for the project, annotated for which sources are committed
Preliminary development budget for the project
Preliminary operating budget for the project

Return the completed pre-application form and attachments to the:

Loan Administrator
Institute for Community Economics
57 School Street
Springfield, MA 01105
Phone: (413) 746-8660
Fax: (413) 746-8862

Organization Name:

1) Please describe the structure and goals of the organization, including the type of organization, its mission, tax status, history, and community involvement in the organization.

2) Please describe the organization’s experience with comparable development projects.

3) Please briefly describe the project, including the number of units, interim and long-term ownership structure, scope of renovations (if any), and status of site control. Clarify why other financing sources could not be used in lieu of ICE.

4) Please describe the social impact of the project, including whom the project serves (and the number of units serving low-income people), the mechanism for preserving long-term affordability (and term, if applicable), resident and community involvement in project development, and any possible displacement that might be caused by this project.