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Housing Community Loan
Offers up to $750,000 in loans
to make substantial improvements to existing affordable rental housing for the
Makes low or no interest,
non-amortizing loans to developers who acquire, rehabilitate or construct
housing for low income families.
Housing Tax Credits (“Housing Credits”)
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.
Mortgage Revenue Bonds
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.
Apartment Incentive Loan
Provides developers with the
gap financing needed to obtain full financing of affordable rental housing.