Real Estate Development
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Home >Lending > Community Land Trusts & Shared Equity Housing
Institute for Community Economics
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.