PCI is committed to assisting developers, property managers and nonprofit organizations in their efforts to create, renovate and preserve affordable rental housing across the state. Loans must support the acquisition, development or preservation of rental or ownership housing with at least 20 percent of the units affordable to lower and moderate income households (annual incomes no greater than 80 percent of the area median income).
PCI funds many types of affordable housing developments including rehabilitation or reuse of existing buildings, new construction, single room occupancy housing, and elderly and assisted living. PCI typically funds rental housing, but has also financed homeownership developments during their acquisition and construction phases.
PCI Portfolio: housing development loans.