Site Map | Contact Us  |  Search:  

 go
   
Email Print Font - Font +

for Multifamily Rental Housing Developers

News and Announcements 

Previous Return to press release list

CHFA announces Multifamily Second Mortgage Program

Date Posted: Monday, March 09, 2015
 
CHFA is offering a Multifamily Second Mortgage Program to help promote economically-integrated neighborhoods and communities by providing financing opportunities to developers and owners of rental housing that specifically targets the creation of rental housing to low-income households in areas within existing or planned Transit-Oriented Development areas, or areas with limited affordable housing.

The Authority has accrued funding from a federal Financing Adjustment Factor (FAF) program restricted to benefit households at or below 50% Area Median Income (AMI).
$25 million is available as a second mortgage financing through this program and is offered on a first come, first service basis.
 
For product description and program details, please click here.