Community Loan Success Stories
Community facilities and services are necessary for quality of life and sustainable development. REED Fund provides a wide range of financing for what we call community projects. Loan applicants include, but are not limited to, civic and philanthropic organizations, educational institutions, local governments and special purpose districts. The following success stories illustrate the broad spectrum of different types of projects we have assisted, including education, public safety, emergency services, recreation, arts, community infrastructure, facilities and equipment.
REED also finances nonprofit development organizations for activities such as industrial parks, leasehold facilities and multi-family housing. Check the business and multi-family housing links for more information.
All borrowers are encouraged to integrate energy efficiency in facilities and construction. Purchase of electricity from a REED member cooperative is NOT required to receive financing. For more information, check out Eligibility and Application, for qualifications and to obtain an application.
Some loans for community projects are able to qualify for a loan through USDA’s Rural Economic Development Loan and Grant (REDL&G) program. These projects can compete nationally to receive a 0% loan for a 10 year term.