Ithaca Urban Renewal Agency Community Development Revolving Loan Fund
City of Ithaca revolving loan fund for nonprofit, neighborhood, housing, and economic development projects.
About this program
The Ithaca Urban Renewal Agency Community Development Revolving Loan Fund provides flexible financing for eligible community development projects in Ithaca. The fund can support nonprofit, housing, neighborhood revitalization, and economic development activities that advance public purposes and community benefit. Borrowers must work with the IURA to determine eligibility, document project feasibility, and satisfy underwriting, collateral, repayment, and federal compliance requirements.
Eligibility
Eligible nonprofits, businesses, developers, and project sponsors with community development, housing, neighborhood revitalization, or economic development projects in Ithaca.
Requirements
- Propose an eligible community development project in Ithaca
- Demonstrate public purpose or community benefit
- Use loan proceeds for eligible project costs