Construction Plus Loan

Rates

Tax-Exempt Financing:
7.250%
Preservation Plus:
7.000%
Taxable Bond Rate:
8.300%
Construction Plus:
4.470%
Tax Credit Financing:*
6.750%
*30 year term/15 year yield maint/30 year amort.

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With our Construction Plus Loan you can finance up to 90% of the development cost of rental housing for families, elderly, or people with disabilities.

Features & Benefits

Finance up to 90% of development costs.
Competitive, variable interest rates.
Combine with WHEDA's permanent financing for easy, one-stop shopping.
Terms up to 36 months.

Term Sheets

Term Sheet for Tax Credit Developments

Term Sheet for Inclusionary Zoning Developments

Loan Application

Download application materials. For help when downloading files, read our About File Formats instructions.

How to Use the Construction Plus Loan

How to Use the Construction Plus Loan tells how to get started with Construction Plus financing.

Data Library

The Multifamily Data Library includes links to reports, 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

Capital Needs Assessment Policy and Standards: Information required for independent, third-party capital needs assessment providers. This information is effective September 1, 2004.
Capital Needs Assessment Provider List: A list of approved independent, third-party capital needs assessment providers effective September 1, 2004.
Developer Fee Policy: Our policy regarding developer fees for tax-exempt bond financing and tax credit development.
Land Survey Requirements: Required for all developments using WHEDA construction financing.
Market Study Guidelines: Information required for independent, third-party market study providers. These requirements were revised in October 2006. Please read the document carefully to ensure your market study complies with the updated guidelines.
Market Study Approved Provider List/How to Become an Approved Provider: WHEDA's list of approved independent, third-party market study providers, plus instructions for applying to become an approved provider.

Forms

Forms available in .pdf and .exe format.

Asset Management

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

Subscription Service

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