Real Estate Development
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Home >Lending > Community Land Trusts & Shared Equity Housing
Institute for Community Economics
The Institute for Community Economics (ICE) is a federally certified Community Development Financial Institution offering social impact and community investment opportunities that provide much needed financing for permanently affordable housing across the United States.
For over 35 years ICE has offered socially responsible investors the ICE Investor Note, a high impact fixed income security that provides vital financing to support the creation and preservation of permanently affordable homes. Founded in 1979, 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.
ICE’s principal lending goes to community land trusts, limited equity cooperatives, and community-based nonprofit organizations creating housing that is permanently affordable to people with lower incomes. Since its founding, ICE's revolving loan fund has loaned over $45 million, representing more than 445 loans to community organizations in 30 states and facilitating the development of more than 4,500 permanently affordable homes.