The Multifamily Loan Program provides construction and/or permanent financing for new multifamily rental developments or those requiring acquisition and rehabilitation. Projects financed under this program are expected to receive portions of their funding from equity raised through the syndication of Low-Income Housing Tax Credits or other leveraging sources. Most loans made under this program require some form of loan guarantee or mortgage insurance. Interest rates are fixed, and generally below market rate, with loan terms up to a maximum of 40 years.
Please refer all questions concerning the Multifamily Loan Program to Donna Martino .