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Multifamily Programs

Provides developers with the gap financing needed to obtain full financing of affordable rental housing.

More information coming soon.

Offers up to $750,000 in loans to make substantial improvements to existing affordable rental housing for the elderly. 

Makes low or no interest, non-amortizing loans to developers who acquire, rehabilitate or construct housing for low income families.

Provides nonprofit and for-profit developers with a dollar-for-dollar reduction in federal tax liability in exchange for the development of affordable rental housing.

Uses both taxable and tax-exempt bonds to provide below market rate construction loans to nonprofit and for-profit developers of affordable housing.

Assists affordable housing developers with up to $750,000 in financing for predevelopment activities associated with the construction of affordable housing, such as rezoning, title searches, impact fees and other requirements.

 
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