Multifamily 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.
Low Income Housing Tax Credit— 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.
State Apartment Incentive Loan— Provides developers with the gap financing needed to obtain full financing of affordable rental housing.
HOME Investment Partnerships— Makes low or no interest, non-amortizing loans to developers who acquire, rehabilitate or construct housing for low income families.
Predevelopment Loan Program— 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.
Elderly Housing Community Loan- Offers up to $750,000 in loans to make substantial improvements to existing affordable rental housing for the elderly.