The Funding Sources Inventory tool allows you to search a database of funding sources created for this guide to determine which may be relevant to consider for your development. Use the filters at the top of the page to narrow down the list of possible sources based on the characteristics of your development. The funding sources shown in the list at the bottom will be those that match at least one of the criteria from each of the filter categories you have selected (in other words, the filters use OR logic within each filter category and AND logic across filter categories). Review the remaining list to learn more about each program. You can click the “Details” button to display detailed information about each funding source.

Eligible UsesInclude funding that can be used for:

Funding TypeInclude the following type(s) of funding:

Affordability RequirementsShow funding that may have affordability requirements?

Funding Sources Inventory

Displaying 51 - 59 of 59
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Multifamily Small Loan Program
Fannie Mae recognizes that owners of smaller properties have specific financing needs, and the Fannie Mae Multifamily Small Loan program has product offerings designed to meet those needs. The Multifamily Small Loan Program offers a streamlined loan process for fixed- and variable-rate mortgage loans up to $9 million nationwide.
Details
Eligible home types:
Conventional properties, Multifamily Affordable Housing properties, and Manufacturing Housing Communities, with 5+ residential units
Eligible recipients:
For-profit and non-profit borrowers
Eligible uses:
Acquisition or refinance of multifamily properties
Affordability requirements:
None
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
Up to $9 million. Maximum LTV: 80%. Minimum DCR: 1.25x.
Additional notes or requirements:
Links to more information:
MBS as Tax-Exempt Bond Collateral (MTEB)
A Fannie Mae Multifamily MBS that can be used as collateral to credit enhance either (i) existing fixed-rate bond refundings, or (ii) new fixed-rate bond issues in conjunction with 4% Low-Income Housing Tax Credits (LIHTC).
Details
Eligible home types:
Multifamily affordable housing properties with 4% LIHTCs.
Eligible recipients:
All property owners
Eligible uses:
Development, rehabilitation, or refinancing of multifamily affordable housing properties.
Affordability requirements:
None beyond existing requirements placed on eligible properties by 4% LIHTC program (note: higher LTVs allowed for properties with more affordable units)
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
Maximum LTV: 90% for 4% LIHTC properties with at least 90% of the units meeting affordability requirements; 85% for 4% LIHTC properties with less than 90% of the units meeting affordability requirements; and 80% for refundings. Minimum DCR: 1.15x for 4% LIHTC properties with at least 90% of the units meeting affordability requirements; 1.20x for 4% LIHTC properties with less than 90% of the units meeting affordability requirements and for refundings.
Additional notes or requirements:
Links to more information:
Triple Bottom Line Foundation
Triple Bottom Line Foundation (TBL Fund) is a nonprofit CDFI that focuses on Multifamily Affordable Housing and Indigenous Communities to create safer, healthier and affordable homes, while also creating job opportunities in the green energy field.
Details
Eligible home types:
Multifamily
Eligible recipients:
Owners of multifamily affordable housing properties and Indigenous Communities
Eligible uses:
Green Upgrades in Multifamily Affordable Housing, Clean Energy Deployment in Tribal Communities
Affordability requirements:
Financial Assistance Program: Multifamily Affordable Housing (MFAH): Over 50% of the tenants earn less than 80% of the area median income (AMI), or Rents are less than 80% of Area Median Rent, or Located in a HUD Distressed Community Census Tract / Utilities and Tribes in Disadvantaged Community (DAC) Rural Community, per USDA Rural Development, or Identified as DAC per EPA’s Climate and Economic Justice screening tool
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
Varies
Additional notes or requirements:
Links to more information:
Community Housing Capital
Community Housing Capital (CHC) is certified as a community development financial institution (CDFI) and 501(c)(3) created to facilitate the creation and preservation of affordable housing.
Details
Eligible home types:
Multifamily or single-family
Eligible recipients:
Nonprofit developers in the NeighborWorks network
Eligible uses:
Predevelopment Acquisition Construction Rehabilitation
Affordability requirements:
None
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
Up to $10 million. Varies per loan product.
Additional notes or requirements:
Links to more information:
Housing Assistance Council
HAC is a certified Community Development Financial Institution (CDFI) focused on improving housing and living standards for rural low- and very low-income households and supporting development of new affordable housing in rural America.
Details
Eligible home types:
  • Subdivisions and new single or multifamily housing units,
  • preservation and rehabilitation of existing affordable housing including USDA RD Sec 515 and 514 units,
  • HUD-subsidized housing and
  • naturally occurring affordable housing.
  • or multifamily housing units
Eligible recipients:
All rural housing developers (Community-based, nonprofit organizations, housing development corporations, for-profit developers, self
  • help housing sponsors, farm worker organizations, cooperatives, land trusts, Indian tribes, public agencies and units of local government)
Eligible uses:
Predevelopment New construction Acquisition and rehabilitation
Affordability requirements:
None
Geography funding is available to :
Rural areas nationwide (as designated by FHFA Duty to Serve Rural Definitions or USDA Housing Programs Eligibility)
Maximum financial assistance per project:
Varies
Additional notes or requirements:
Links to more information:
Housing Partnership Fund
The Housing Partnership Network created the Housing Partnership Fund (HPF) in 2001 as its lending arm to meet its members’ growing needs for flexible, early stage financing for affordable housing development. Nationally, HPF serves nonprofit developers focused solely on uplifting low-income populations, using housing as a platform to leverage better health, school, and personal wealth building outcomes. The Fund raises capital from major private, public and philanthropic institutions to drive impact through its investments in members and HPN social enterprises. HPF is a US Treasury certified Community Development Financial Institution (CDFI) and has a Four Star Policy Plus AA- rating from Aeris.
Details
Eligible home types:
Multifamily or single-family or multifamily housing units
Eligible recipients:
Members of the Housing Partnership Network
Eligible uses:
Acquisition, Development, and Preservation
Affordability requirements:
None
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
$1-3 million for predevelopment/acquisition. $15 million for acquisition/preservation of existing rental projects. $3 million for bridge to construction closing loans.
Additional notes or requirements:
Links to more information:
National Housing Trust
NHT Community Development Fund (NHTCDF), a Community Development Financial Institution (CDFI), has deployed more than $44 million in loans, preserved more than 13,000 affordable units, and leveraged more than one billion in capital by providing quality, affordable loan products.
Details
Eligible home types:
Multifamily or single-family (only multifamily for energy efficiency loans)
Eligible recipients:
Any affordable housing developer (for most products, except Community Land Trust loans, which are limited to Community Land Trusts)
Eligible uses:
Pre-development Acquisition Property improvements that reduce energy and water consumption
Affordability requirements:
None
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
$1.5 million for predevelopment. $2.5-5 million for acquisition. $750,000 for community land trusts.
Additional notes or requirements:
Links to more information:
NeighborWorks Capital
NeighborWorks Capital delivers the flexible capital needed by NeighborWorks America affiliates to provide affordable homes and strengthen communities. NeighborWorks Capital is a national non-profit, certified Community Development Financial Institution and rated by Aeris-Insight.
Details
Eligible home types:
Multifamily or single-family
Eligible recipients:
NeighborWorks network members
Eligible uses:
Acquisition, Construction, Predevelopment, Permanent, Line of Credit, Enterprise Capital
Affordability requirements:
None
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
$10 million for acquisition, construction, permanent loans. $7.5 million for permanent, and Line of Credit for multifamily acquisition loans. $5 million for Line of Credit for single family construction. $2 million for predevelopment loans.
Additional notes or requirements:
Links to more information:
HUD 221(d)(4) Mortgage Insurance for Rental and Cooperative Housing
Section 221(d)(4) insures mortgage loans to facilitate the new construction or substantial rehabilitation of multifamily rental or cooperative housing for moderate-income families, elderly, and the handicapped. Single Room Occupancy (SRO) projects may also be insured under this section.
Details
Eligible home types:
Detached, semi-detached, row, walkup, or elevator-type rental or cooperative housing containing 5 or more units
Eligible recipients:
Eligible mortgagors include public, profit-motivated sponsors, limited distribution, nonprofit cooperatives, builder-seller, investor-sponsor, and general mortgagors. (There are no income limits. Projects may be designed specifically for the elderly or handicapped.)
Eligible uses:
Construction or rehabilitation of rental or cooperative housing for moderate-income and displaced families
Affordability requirements:
None
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
Varies by project (depending on unit sizes, structure type, and location)
Additional notes or requirements:
Davis-Bacon wage requirements apply.
Links to more information:

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Low-Income Housing Tax Credit (LIHTC)
The Low-Income Housing Tax Credit provides an incentive for investors to invest in affordable housing construction and preservation via a tax credit. It is available as a competitive credit (9%), scored based on criteria in CHFA's Qualified Allocation Plan, or a non-competitive credit (4%), available to any project that receives at least 50 percent of their funding through tax-exempt bond financing (e.g. Private Activity Bonds) may claim this smaller tax credit without receiving a specific allocation from CHFA.
Details
Eligible home types:
  • Multifamily homes
  • Single-family homes
Eligible recipients:
  • For-profit developers
  • Nonprofit developers
  • Housing authorities
Eligible uses:
  • New construction of rental properties
  • Rehabilitation of rental properties
  • Permanent supportive housing
Affordability requirements:
Income requirements:
  • At least 20 percent of units affordable to households at or below 50% AMI
  • At least 40 percent of units affordable to households at or below 60% AMI
  • At least 40 percent of units affordable to households at or below 60% AMI (based on income averaging across all units)
  • Rents cannot exceed 30 percent of 50-60% AMI (depending on share of credits in use)
  • 30 year affordability period
Geography funding is available to :
Statewide
Maximum financial assistance per project:
9% LIHTC: $1,350,000 (except for project financed with private activity bonds)
Additional notes or requirements:
9% and 4% federal Low-Income Housing Tax Credits are awarded by CHFA on annual basis. All projects must meet the minimum application and underwriting requirements and then are further evaluated against scoring criteria outlined in the Qualified Allocation Plan. CHFA sets a minimum score for both tax credit awards, with a lower threshold score for 4% federal tax credit projects and outlines state-specific policy priorities in its Qualified Allocation Plan.
Links to more information:
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