THE RENAISSANCE LOAN FUND.
Howard Bank’s Community Enrichment Program is an ongoing, comprehensive initiative to be an involved and committed member of Howard County, and to support the issues and organizations that are important to its quality of life.
The Renaissance Loan Fund falls under this umbrella. It is targeted to funding projects and developments in mature areas throughout the county, including Route 40 and the Columbia villages of Oakland Mills, Long Reach, Harper’s Choice, Hickory Ridge, Owen Brown and Wilde Lake. This loan fund will also encompass projects on Route 1 included in the existing Route 1 Revitalization Program.
Howard Bank’s Renaissance Loan Fund has a total of $15 million for specified projects in the designated areas, with loan limits of $50,000 to $1.5 million. It includes maximum amortization of 30 years, with rates at prime minus one-quarter percent. Eligible loans will meet the bank’s underwriting standards and can be used to construct or rehabilitate buildings in designated areas – including the removal of an old building and replacing it with a new one, expanding existing buildings, improving building facades or site improvements to enhance appearance as well as funding developer led residential rehabilitation projects.
For more information, contact Rosa Scharf at 410-750-0020 or firstname.lastname@example.org.
Renaissance Loan Fund
Community Involvement and Sponsorships