About Us Housing Data

About Us

Why Preserve

Policy Advocacy

Real Estate Development


Lending Overview

Predevelopment and Interim Lending

Green Preservation Lending

Community Land Trust & Affordable Homeownership Lending




Housing Data

For more information on ICE loans, contact:

Josh Earn
Director of Lending
202-333-8931 x134

Stay informed. Sign up to receive emails from NHT

Home >Lending >Community Land Trusts & Shared Equity Housing > Borrowing from ICE

Bookmark and Share

Institute for Community Economics Loan Fund

Founded in 1979, the Institute for Community Economics (ICE) is credited with pioneering the modern community land trust (CLT) model, a housing model that develops equity for homeowners while preserving public subsidy and affordability in perpetuity. Today ICE is a federally certified Community Development Financial Institution (CDFI) offering pre-development, acquisition, rehabilitation, bridge loans and more to create community land trusts, shared equity and permanently affordable housing, including homeownership opportunities. 


Since inception, ICE's revolving loan fund has loaned over $58 million, representing more than 470 loans to community organizations in 30 states and facilitating the development of nearly 5,000 permanently affordable homes.


The ICE Loan Fund is funded by generous donors and a network of socially responsible investors via the ICE Investor note.


Product Offering:

Shared-Equity and Community Land Trust Housing Development Financing*
Rate: 5.5%-6.5% (Determined by Loan Committee on case by case basis)
Loan Amount: up to $1,000,000.00
Term: Up to 60 months (additional interest only construction period may be added to term)

*rental and homeownership properties are eligible  


Acceptable Uses for ICE Loan Funds

 Bridge to Subsidies
 Foreclosure Avoidance/Purchase from Foreclosure
 Predevelopment Cost

Loan Pre-Application>>


Looking for additional information on Community Land Trusts?
The National Community Land Trust Network is a membership organization with valuable resources for groups and individuals interested in community land trusts.  Link to their website at:  www.cltnetwork.org.

ICE's Lasting Impact in Albuquerque

"On 27 acres in the heart of Albuquerque, Sawmill Community Land Trust is revitalizing a neighborhood to provide affordable access to land, housing and jobs for community residents. From our first steps in 1997, ICE has been a valued partner, first offering technical assistance as we established the land trust and then providing a loan to support our growth and continued development. ICE still stands with us today as we prepare to break ground on Sawmill Senior Housing, a 46-unit low income senior rental community, the next step toward realizing the Arbolera de Vida (Orchard of Life) vision."

Connie M. Chavez
Executive Director
Sawmill Community Land Trust