Funding Amount

Varies

Deadline

Rolling / Open

Grant Type

foundation

Overview

Industrialized Construction Catalyst Fund (ICCF)

Overview: A specialized loan fund designed to overcome financing barriers that prevent wider adoption of industrialized construction in affordable housing development. The fund makes short-term loans to cover critical early-stage costs.

Geographic Scope: California

Focus Areas:

  • Industrialized construction (factory production methods for housing)

  • Early-stage financing for factory deposits and production commitments

  • Enabling developers to realize full cost and schedule benefits of industrialized construction
  • Key Benefits of Industrialized Construction:

  • 10-50% faster construction timelines

  • 10-40% below cost of traditional construction

  • Example: Tahanan Supportive Housing achieved 41% cost and time savings compared to similar new construction PSH projects (per California Housing Partnership Corporation and Urban Institute study)
  • Financing Model:

  • Short-term loans to cover critical early costs

  • Enable factory deposits ahead of permanent financing commitments
  • Development: Created with assistance from:

  • U.C. Berkeley's Terner Center for Housing Innovation

  • Gray Impact Consulting

  • Based on 100+ hours of interviews with developers, architects, contractors, and factories
  • Address: 564 Market St, Suite 225, San Francisco CA 94104

    How to Apply

    Application Information

    Required Materials:

  • ICCF Term Sheet (available for review)
  • Application Process:
    Specific application procedures not detailed in available materials. Review term sheet for loan product specifications and eligibility requirements.

    Focus Areas & Funding Uses

    Fields of Work

    affordable-housinghousing

    Categories

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