• Jan 28, 22
• spencergregory
• Revolving Loan Fund Directory
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PROGRAM OBJECTIVES: 1. Encouraging the expansion of new and existing business enterprises that create jobs for unemployed and under employed people.

2. Preserving and expanding the housing supply within the City, including market rate housing and affordable housing for low and moderate-income households.

3. Redeveloping blighted and underutilized properties for uses consistent with a strategy for neighborhood and downtown revitalization.

GENERAL CRITERIA FOR CAPITAL REVOLVING FUND LOAN: 1. The evaluation of all projects shall consider how rapidly debt service and the term of the proposed loan replenish the Madison Capital Revolving Fund for future projects.

2. The evaluation of all projects shall consider the amount of equity provided by the project sponsor, and the extent that public financing from all sources leverages private resources.

3. The evaluation of all projects shall consider the City’s loan security and risk exposure.

The total loan-to-value ratio for all debt in the project shall not exceed 90 percent.

4. The maximum loan per project will be $250,000. The minimum loan per project will be $50,000. Interest rates and loan payback terms are flexible.

5. The evaluation of all projects shall include consideration of the developer’s capacity to commence and carry out a project in a timely manner.

6. The evaluation of all projects shall include consideration of the projects feasibility and viability.

7. The evaluation of all projects shall include consideration of whether the property meets State codes pertaining to energy.

8. The evaluation of projects, especially residential development, shall include consideration of the degree to which facilities are accessible to persons with physical disabilities.

9. Madison Capital Revolving Loan Funds are to be used for end loan financing following project completion.

10. All projects must comply with Madison General Ordinance Section 3.72 concerning accessibility requirements for persons with disabilities and the Americans with Disabilities Act, where appropriate.

Priority will be given to projects serving a special needs population.

11. All projects shall comply with applicable local, State, and federal provisions concerning Equal Opportunity and Fair Housing.

12. The borrower shall provide a personal guarantee for the full amount of the MCRF loan.





Contact Information
City of Madison, Wisconsin
Address: 215 Martin Luther King Jr. Boulevard, Room 312
City: Madison
State: Wisconsin

Website: http://cityofmadison.com/planning/capRevFund.html

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