Landmarks Building Improvement Program

The Landmarks Building Improvement Loan product is designed to increase the supply of safe and affordable housing in historic buildings within the City of Butler. LCC is partnering with the Redevelopment Authority of the City of Butler (RACB) to market this loan product.

 

Current criteria for this loan product are as follows:

  • Eligibility: Non-profit and for-profit entities
  • Uses: All construction-related costs associated with building restoration
  • Loan Amount Range: $5,000 — $30,000
  • Max-Loan-to-Value: 100%
  • Max Term: 60 months
  • Rate: 5% — 8% (based on risk)
  • Collateral: Property or other assets acceptable to LCC
  • Payment: Amortized over 60 months
  • Fees: $100 non-refundable application fee; up to 2 points origination fee