Recoverable Grants
LISC provides early-stage financing with low-interest or no-interest loans, typically repaid by construction financing.Eligible uses: predevelopment expenses such as environmental testing, legal fees, survey, architectural drawings, options, and appraisals.
Features:
• 2-year term
• Usually less than $50,000
• Usually 0% interest rate
• Unsecured
• Repaid through construction financing or other means
• Borrower must demonstrate repayment source in development budget
Priorities for Recoverable Grant funding:
• Project is located in a LISC Comprehensive Investment Neighborhood
• Project furthers the progress of the neighborhood quality-of-life plan
• Ability to repay the recoverable grant
• History of repayment of previous recoverable grants
Download an application for a LISC recoverable grant.