Construction Loan Program Construction Loan Program
English (United States)

Construction Loan Program


The program has been previously capitalized with tax increment and loans are based upon the following terms and conditions.

  • Loan Period
  • Less than 100 days
  • 101-120 days
  • 121-140 days
  • 141-160 days
  • 161+ days
  • Interest Rate
  • 4%
  • 6%
  • 8%
  • 10%
  • 12%


Builders participating in the program are required to execute an affordability covenant that restricts the sales of the homes to persons and families in the targeted income group. The Agency Board sets the sales price of the home. The volume of loans is directly related to the availability of Agency-owned lots.

Click here to download the application for becoming an RDA Builder. (PDF)

Housing Construction

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