Mhic, LLC

Varies by program and project; MHIC has closed deals ranging from hundreds of thousands to tens of millions

Rolling — no set deadline; contact MHIC directly to begin

AMOUNT

Varies by program and project; MHIC has closed deals ranging from hundreds of thousands to tens of millions

AMOUNT

Varies by program and project; MHIC has closed deals ranging from hundreds of thousands to tens of millions

DEADLINE

Rolling — no set deadline; contact MHIC directly to begin

DEADLINE

Rolling — no set deadline; contact MHIC directly to begin

FUNDING TYPE

CDFI, Loan

CAN YOU GET THIS?

This is for developers and organizations financing affordable housing or community development in New England, not general small business founders.

MHIC lends to both nonprofit and for-profit developers and community-based organizations for property acquisition, construction, rehabilitation, and mixed-use projects. Borrowers must be working in affordable housing, historic preservation, or community development sectors.

YOUR REAL ODDS

MHIC has deployed $3.9 billion over 35 years, suggesting consistent deal flow, but lending is selective and relationship-driven for some products like lines of credit.

The funder page notes lines of credit are offered only to customers with long-standing relationships. Competitiveness depends heavily on the specific program—some, like the Boston Acquisition Fund, target a narrower set of nonprofit and mission-driven borrowers.

WHAT IT TAKES

Identify the right MHIC program for your project type (Lending, NMTC, Housing Tax Credit, NOAH Fund, etc.) — 1-3 days
Reach out to MHIC directly via contact@mhic.com or 617-307-2491 to discuss your project — 1-2 weeks
Prepare project details including acquisition, construction, or rehabilitation plans and financing needs — 2-4 weeks

WORTH KNOWING

MHIC explicitly focuses on financing that would not otherwise be available to underserved neighborhoods—if your project serves a low-income community and has struggled to secure conventional financing, that gap is a feature, not a bug, in your application.

Apply on the funder’s site →

Community 1st Credit Union

Varies; loan terms depend on business type and credit profile.

Iowa-based small businesses and startups can apply for business loans through this CDFI credit union on a rolling basis.

Afena Federal Credit Union

Varies; personal and business loans from $200 up to undisclosed amounts depending on product.

Small businesses and startups in Indiana can access loans through this CDFI credit union, with no stated identity restrictions.

The Bridgeway Federal Credit Union

Varies; specific loan amounts not published.

Small businesses and startups in Alabama can apply for loans on a rolling basis through this CDFI credit union.

This is 1 of 1,600+ open opportunities.

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