Affordable Housing

Capital for Change is committed to the preservation, creation and energy efficiency of affordable housing in Connecticut.
We make flexible loans that support affordable housing development and that make multifamily properties more energy efficient.

Affordable Housing Development

We assist developers creating affordable rental housing, supportive housing, mutual housing, cooperatives, and homeownership. Loans may be for acquisition, bridge funding, construction/rehabilitation financing, or permanent terms. 

For more information, contact:
Cassandra Bradley at

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    Real Estate
    Line of Credit
    Purpose Predevelopment costs associated with construction or property acquisition Rehabilitation, or construction of new affordable housing Fully or partially amortizing loans for single family/multifamily affordable housing Energy efficiency improvements (retrofit and/or alternative) for properties ≥5 units Working capital, equipment purchase Capital improvement, leasehold improvements, property acquisition Line of credit Short-term, financingbridging paymentfrom a third party
    Average Loan Range $50,000 – $250,000 $150,000 - $2,000,000 $100,000 – $2,000,000 $100,000 – $1,000,000 $50,000 - $200,000 $100,000 - $1,000,000 $50,000 - $450,000 $50,000 - $500,000
    Interest Rate * 3%-6% (may accrue) 6%-7% 4.5%-7.00% 5.5% - 7.5% 6-8% 6-8% 5% - 7% 3%-6%
    Maximum Term 12-24 months Up to 24 months Up to 25 months Up to 20 Years Up to 10 years Up to 10 years Up to 12 months Up to 14 Months
    Fees Origination 1% - 2% Legal Origination 1% - 2% Legal Appraisal Environmental (as required) Project review Inspections Origination 1% - 2% Legal Appraisal Environmental (as required) Inspections Origination 2% Energy Savings Technical Review Inspections Origination 1% – 2% Legal Origination 1% - 2% Legal Appraisal Environmental (as required) Inspections Origination 1% – 2% Legal Origination 1% – 2% Legal
    Collateral Unsecured (Predevelopment) First Mortgage (Acquisition) First mortgage First mortgage Guarantees or can be unsecured UCC lien UCC lien/first mortgage/other Collateral evaluation on case by case basis Lien/ pledge of grant funds

    * These terms are for general reference and are subject to change or modification. Please contact a Lending representative to discuss your specific borrowing needs.

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Multifamily Energy Loans

C4C’s LIME (Low Income Multifamily Energy) Loans program also works closely with property owners to make energy efficiency improvements to multifamily properties or condominium developments that meet the following requirements:

  • No fewer than 5 units; and
  • At least 60% of units affordable to households at no higher than 80% of Area Median Income (AMI)
  • Consideration will be given to “high impact” properties, such as:
    • HUD financed properties, including housing authorities;
    • CHFA financed and FHA-insured developments;
    • Properties in low- or moderate-income geographies; or
    • Complexes that are Transit-Oriented Developments (TODs)

For more program details:
CLICK HERE, or contact Cassandra Bradley at

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