Boston Community Loan Fund

56 Warren Street
Boston MA, 02119-3236


Boston Community Loan Fund (BCLF) was established in 1985 to provide loans for affordable housing in the City of Boston, Massachusetts. It provides a wide range of loan products in the Boston metropolitan area, including loans for affordable housing developed by nonprofits, and loans for community development corporations, cooperatives, daycare centers, for-profit developers, social service agencies and local businesses.

CDFI Awards for Boston Community Loan Fund


FA (2005) - $1,398,750

BCLF will use the $1,398,750 financial assistance award to support over $100 million in early-stage financing.



CORE (2002) - $1,000,000

The CDFI Fund"s $1,000,000 grant to BCLF will leverage a significant amount of private sector resources to finance the preservation and creation of affordable housing in a high-cost market.



CORE (1999) - $2,000,000

The CDFI Fund"s $1,000,000 equity-like loan will enable BCLF to expand the types of loan products it provides, expand to new types of borrowers, expand its capital base and lending volume, and commit larger and longer term loans.



CORE (1997) - $1,000,000

The CDFI Fund"s $435,000 grant and $565,000 equity investment will enable BCLF Ventures, Inc. d/b/a Boston Community Venture Fund make venture capital investments in emerging businesses that will provide employment opportunities for low income residents of the Boston area. Boston Community Capital, Inc. also provides loans for housing development, community facilities and working capital for human service organizations.



CORE (1996) - $1,000,000

BCLF, which has $6.8 million in assets, will receive $1 million in support from the CDFI Fund. With it"s strong 11 year track record and these new financial resources, BCLF will increase its financial support for a range of affordable housing needs and improvements to community facilities. Through its increased lending capacity and technical support to community development corporation borrowers, BCLF will play an increasingly important role as a leader in providing capital in distressed communities of Massachusetts.



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