Institute for Community Economics

1101 30th Street, NW, Suite 400
Springfield MA, 20007-3771


The Institute for Community Economics (ICE) is a Springfield, MA-based loan fund that seeks to promote affordable housing opportunities for low-income individuals throughout the country. ICE has become a national leader in providing financing and technical assistance to community land trusts (CLTs), locally controlled organizations that work to ensure the permanent affordability of single - and multi-family homes. ICE intends to expand its lending activities to CLTs and other nonprofit housing providers, both by increasing the geographic scope of its efforts and by developing additional loan products.

CDFI Awards for Institute for Community Economics


SECA (2000) - $95,000

The Fund"s $95,000 technical assistance award will pay for the development of an internal communication computer network, fundraising and loan administration software, and computers.



CORE (1999) - $450,000

The CDFI Fund"s $405,000 capital grant will help ICE develop a long-term mortgage product, and the $45,000 technical assistance grant will fund the development of a marketing strategy to increase ICE"s lending.



CORE (1997) - $1,221,100

The $1,125,000 CDFI Fund grant and $96, 100 technical assistance award will be used to strengthen the organization"s capital base, refine its lending programs and develop new products.



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Edited by: Michael Saunders

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