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What's New in Home Funds

WHEDA will not have Home funds available for the 2006 LIHTC cycle. Please contact the Department of Commerce, Bureau of Local Development, for Home fund availability and information (608.267.6912 or 608.266.2742).


Home Funds are flexible, low-interest loans that can be used as “gap” financing for developments receiving tax credits and developments using WHEDA financing.

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Features & Benefits

  • 3% deferred interest for first 3 years—helps to make providing affordable housing profitable.
  • Fixed-rate financing—30-year term with up to 30 year amortization.
  • Construction and/or permanent financing—work with one lender for all your financing needs.

Data Library

The Multifamily Data Library includes links to Tax Credit Development Financing, such as occupancy rates, operating expenses, tax-credit projects, federally-assisted rental housing, fair market rents, and the results to the Residential Care Apartment Complex.

Development Guidelines

Home Income Limits
HUD published income limits that apply to developments using Home funds.
Home Rent Limits
HUD published Rent limits that apply to developments using Home funds.

Forms

Home Rental Completion Report PDF (79 KB) | Exe not available
This form is required when submitting the final draw for Home funds to the Home Fund agency.

Asset Management

Asset Management includes information, forms, and requirements for managing affordable rental housing.

Subscription Service

Please take a few minutes to sign up for WHEDA's improved e-mail subscription service. This service allows you to receive specific announcements based on a user profile of your choice. To make sure you receive all announcements, visit our subscription page to sign up.