Community Lending and Investment

Transforming communities nationwide

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‡.

Watch all of our YouTube‡ videos

We provide custom financing for projects that don’t have access to traditional financing in order to help our communities gain access to the marketplace and create true, sustainable economic development.

Our financing types include:

Construction/bridge financing

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

  • Loan size: $5-$50+ million
  • Majority of rents must be 60% or less of the area median income

Permanent financing

Our permanent financing program provides long-term, fixed-rate permanent loans. Properties must involve LIHTC, Section 8, Section 236, Tax abatement, or 80-20 bonds. Financing may be held by Wells Fargo on its balance sheet or originated by us and placed with Freddie Mac, Fannie Mae, FHA, and other third-party partners.

Low Income Housing Tax Credits (LIHTC) 

We make investments in LIHTCs and Historic Tax Credit properties to help developers and investors benefit from tax-credit opportunities.

Learn more about our affordable housing services 

Equity Equivalent Investments (EQ2)

We offer EQ2 financing for non-profit organizations and government agencies engaged in community and economic development for low- and moderate-income areas in Wells Fargo markets nationwide. These programs are designed to help build the internal capacity of organizations by supporting programs that generate revenue. 

  • Unsecured, subordinated term loan; not a line of credit 
  • Loan size: $100,000-$1 million 

Alternative equity

We invest in Private Equity funds that create jobs by capitalizing small and middle-market businesses.

New Markets Tax Credits 

Through NMTC allocations, we reduce borrowing costs for non-profits and entrepreneurs, enabling higher risk loans and investments that shoulder collateral shortfalls and credit risks.

Sign up for the quarterly Community Lending & Investment Connections newsletter to learn more about how we provide financing to increase economic development, job creation, and affordable housing in areas of need nationwide.