Institute for Community Economics

Overview

The Institute for Community Economics (ICE) is a nonprofit organization dedicated to promoting affordable housing solutions in underserved communities across the United States. Established in 1979, ICE operates as a revolving loan fund, offering financing to community land trusts, limited equity cooperatives, and nonprofit organizations committed to creating and preserving affordable housing for low-income individuals and families. Since its inception, ICE has facilitated the development of over 4,500 housing units through more than 445 loans in 30 states, totaling approximately $44 million in financing. ICE's investment strategy focuses on supporting community-based organizations that develop and manage affordable housing, ensuring long-term affordability and community control. By providing capital to these organizations, ICE enables the construction and rehabilitation of affordable rental housing, contributing to the creation of sustainable and resilient communities. The organization's expertise encompasses all aspects of affordable housing finance, including the utilization of federal and state tax credit programs, which have been instrumental in the production of affordable homes in various states. Through its commitment to affordable housing and community development, ICE plays a pivotal role in addressing housing disparities and fostering economic stability in low-income communities. Its approach emphasizes collaboration with nonprofit developers and active participation in housing policy discussions at local, state, and national levels, aiming to influence and shape policies that support the creation and maintenance of affordable housing options nationwide.

Investment Focus

• Nonprofit status
• Commitment to affordable housing
• Community-based development focus

Portfolio Companies