NHSC Loan Fund

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Another way that our partners can gain access to the capital they need

A congregation and its community partner have an idea for solving a local affordable housing challenge, but cannot find a way to finance the effort. It could receive financing through some traditional means, IF the idea and organization had a proven track record.

Caring Ministries, Inc., (CMI) in St. Louis (Missouri) — NHSC’s first loan recipient — expanded its work through a line of credit it has received through NHSC’s loan fund. Cyril Loum and other CMI partners are helping families access affordable housing in working class neighborhoods.

In a different community, a social ministry or other organization has a long-term funding plan in place, but they need to acquire property to make the project viable. Ultimately the acquisition cost will be included in the overall costs of the project, but the organization requires a short-term funding solution.

The St. Peter/Zion Project (SPZP) in Ft. Wayne (Ind.) is working with NHSC to develop a parcel of land in the middle of their neighborhood, overcoming the challenge of a “food desert” in the area. Eventually a grocery store will anchor the development. An acquisition loan from the NHSC Loan Fund will bridge the gap.

In other cases, pre-development expenses (such as engineering, initial architectural fees, and the like) threaten to stall a project. Development partners and government entities require an agency to demonstrate that the project is viable before they will commit additional financial resources or “sign-on” to the project.

NHSC has been working with Pastor Dwight Dickinson and Great Commission Lutheran Church for nearly two years on a project to re-develop an abandoned public school building in their north St. Louis neighborhood. A loan to cover these pre-development expenses will enable the project to move forward in a timely manner.

These are just three examples of why the LCMS National Housing Support Corporation (NHSC) provides low-interest loans to help support affordable housing and community development projects spearheaded by LCMS entities and their community partners across the United States.


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