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:

Eligible RecipientsInclude funding that can be used by:

Funding TypeInclude the following type(s) of funding:

Affordability RequirementsShow funding that may have affordability requirements?

Funding Sources Inventory

Displaying 1 - 3 of 3
Start Over
Tax-Exempt Loan
Financing for the acquisition or refinance of stabilized affordable multifamily properties with 4% Low-Income Housing Tax Credits (LIHTC) with at least 7 years remaining in the LIHTC compliance period.
Details
Eligible home types:
Garden, mid-rise or high-rise multifamily properties with 4% LIHTC with 90% occupancy for 90 days. May be used for mixed-use properties.
Eligible recipients:
Any owner of a property with 4% LIHTCs.
Eligible uses:
Refinancing affordable multifamily properties with 4% LIHTCs.
Affordability requirements:
There must be at least 7 years remaining in the LIHTC compliance period.
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
Maximum LTV: 85% of adjusted value or 90% of market value. Minimum DCR: 1.15x.
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:
Small-scale Housing Permanent Loan
The Small-scale Housing Permanent Loan program provides up to $2.5 million of uninsured permanent financing for four- to 19-unit multifamily rental properties. This innovative program provides critical long term financing to smaller properties from a trusted partner.
Details
Eligible home types:
Rental housing properties with between 4 and 19 units
Eligible recipients:
Small-scale developers
Eligible uses:
New construction, acquisition/rehab, and refinances
Affordability requirements:
A total of 75% of the project units must be available and affordable to residents earning up to 120% Area Median Income (AMI). In addition, 20% of the total units must be restricted to residents earning 80% AMI or less.
Geography funding is available to :
Colorado
Maximum financial assistance per project:
Up to $2.5 million. Lesser of 85% LTV or 90% of development costs. DCR: 1.20 Amount supportable by the project's stabilized net operating income.
Additional notes or requirements:
Market Study or Housing Needs Assessment must demonstrate demand for the proposed project. There is a six-month reserve requirement for operating expenses and debt service, with a minimum replacement reserve requirement at $350/unit/year, increasing annually by 3%. A Phase I environmental assessment, at a minimum, is required for all projects. If the project involves an existing building constructed before 1978 that has no documentation of previous abatement, a lead-based paint and asbestos-containing materials report must be submitted along with a plan for abatement during rehab and/or an Operations and Maintenance Manual for managing the hazards in place. Radon testing is required after the project is complete and appropriate mitigation provided if radon levels are higher than the EPA-recommended threshold for abatement action.
Links to more information:
Displaying 1 - 1 of 1
Start Over
Tax-Exempt Loan
Financing for the acquisition or refinance of stabilized affordable multifamily properties with 4% Low-Income Housing Tax Credits (LIHTC) with at least 7 years remaining in the LIHTC compliance period.
Details
Eligible home types:
Garden, mid-rise or high-rise multifamily properties with 4% LIHTC with 90% occupancy for 90 days. May be used for mixed-use properties.
Eligible recipients:
Any owner of a property with 4% LIHTCs.
Eligible uses:
Refinancing affordable multifamily properties with 4% LIHTCs.
Affordability requirements:
There must be at least 7 years remaining in the LIHTC compliance period.
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
Maximum LTV: 85% of adjusted value or 90% of market value. Minimum DCR: 1.15x.
Additional notes or requirements:
Links to more information:
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