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City of Concord Revolving Loan Fund
CDBG-capitalized local loans for economic development, housing, social service agency, and childcare facility projects.
About this program
Concord’s Revolving Loan Fund was established in 1983 and capitalized with CDBG funds. Loans are used for economic development and improved housing opportunities for low- and moderate-income people, including real estate development, tenant fit-up, equipment purchases, housing renovations, and improvements to social service or childcare facilities.
Eligibility
Eligible Concord businesses, developers, housing projects, social service agencies, and childcare facilities with projects benefiting low- and moderate-income people.
Requirements
- Project must create economic development or housing benefit for low- and moderate-income people
- Submit loan request, project budget, borrower financials, collateral, and public benefit information
- Negotiate terms with the city and comply with loan agreement, reporting, and repayment requirements