Many banks offer predevelopment loans through their community lending programs, especially if the project qualifies for Community Reinvestment Act (CRA) credits. Here are a few banks in the major regions across the country known for their community lending programs and predevelopment loans, particularly for affordable housing projects that qualify for CRA credits.  

Northeast 

  • TD Bank: Active in affordable housing finance across the Northeast, TD Bank offers predevelopment loans and other support for multifamily housing projects through its CRA program. 

Midwest 

  • Huntington National Bank: Based in Ohio, Huntington Bank provides predevelopment loans as part of its community development lending programs, supporting affordable housing in the Midwest. 

South 

  • Regions Bank: Headquartered in Alabama, Regions Bank is active across the South and offers community development lending, including predevelopment financing for affordable rental housing. 

West 

  • Bank of the West: With a strong presence in California and other Western states, Bank of the West offers predevelopment and other affordable housing loans through its CRA-focused community lending program. 

Southwest 

  • BBVA (now part of PNC Bank): Operating extensively in Texas and the Southwest, PNC Bank (formerly BBVA) provides predevelopment loans for affordable housing that meet CRA criteria. 

Pacific Northwest 

  • Umpqua Bank: Based in Oregon, Umpqua Bank serves the Pacific Northwest and offers community development loans, including predevelopment loans for affordable housing developers. 

Southeast 

  • Truist Bank: With headquarters in North Carolina and branches throughout the Southeast, Truist Bank supports affordable housing initiatives with predevelopment loans and CRA-aligned financing options. 

Appalachia 

  • Fifth Third Bank: Active across parts of Appalachia, including Kentucky and West Virginia, Fifth Third Bank offers financing for affordable housing, including predevelopment loans under its community lending programs. 

These banks are typically active in community development lending and often target affordable housing developments that qualify for CRA credits. Given that specific offerings may change, developers should reach out to their respective regional banks for specifics on loan terms, deadlines and developer and project eligibility.