Community Lending and Investment

Transforming communities nationwide

Wells Fargo Community Lending and Investment specializes in offering debt and equity capital to organizations that provide economic development, job creation, and affordable housing in communities of need nationwide.

Organizations we serve

Experienced nonprofit, for-profit, public/government organizations and Community Development Financial Institutions.

Typical loan and investment size

$5 million and up; we consider smaller amounts on a case-by case basis.

Affordable housing

Short-term construction and bridge lending

We offer short-term, balance sheet lending for construction, bridge, or substantial rehabilitation of affordable housing properties.

  • Majority of rents must be 60% or less of the area median income.
  • Equity is required, but public loans, grants and Low-Income Housing Tax Credit (LIHTC) investor equity may be substituted for developer equity in some cases.

Permanent lending

  • Balance sheet loans for 4% private placement and 9% LIHTC projects, in which Wells Fargo provides the equity and/or construction loan.
  • Fannie Mae & Freddie Mac loan program properties must involve 4% or 9% LIHTC, Section 8, Section 236, regulatory agreement, or 80-20 bonds.
    • Financing is available with new tax credit programs (new 4% or 9% LIHTC) and the preservation of existing affordable housing (acquisition or refinance of property with less than 7 years remaining in 10-year period). 

Tax credit equity investments 

We invest directly in individual projects and with third-party syndicators that support affordable housing development for a minimum 15-year investment term. 

New Markets Tax Credits (NMTCs) 

NMTCs are available on a competitive basis to supplement funding of commercial (including facility and equipment financing), community-oriented, and mixed-use projects that positively impact qualified census tracts through job creation, neighborhood revitalization or provision of vital human services targeted to low-income communities. Typical deal profiles consist of: 

  • 7-year construction/term loans, often interest-only or with minimal amortization. 
  • Usually sponsor equity or market rate senior debt coupled with NMTC supplemental or “B” loans supported by the tax credits. 
  • Financing is structured to fill gaps in the capital stack and/or operations for otherwise financially feasible projects. 

Complementary Wells Fargo products and services 

Our relationship approach means you will have one point of contact who can give you access to a wide range of complementary products and services: 

  • Taxable and tax-exempt bond underwriting and remarketing 
  • Trustee services 
  • Bank letters of credit 
  • Escrow and custody accounts 
  • Paying agent/registrar

L+M Development

Wells Fargo and L+M Development Partners, Inc., an affordable housing developer, work together to help NYC neighborhoods thrive.


Through the investment of New Markets Tax Credits, Wells Fargo helped a locally owned wind farm provide clean energy to rural Oregon.

Veterans Commons

Wells Fargo provided debt and equity capital to refurbish a San Francisco building to help formerly homeless veterans.

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