Tax-Exempt Bond Financing

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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Tax-Exempt Bond Financing provides long-term below market interest rate financing for the construction, acquisition and rehabilitation of affordable rental housing.

Features & Benefits

Below-market interest rates—improves profitability.
Long term fixed- or variable-rate financing—15 to 30 year terms.
Construction and/or permanent financing—work with one lender for all your financing needs.

Term Sheets

Fixed-Rate Financing

A summary of the lending terms of Tax-Exempt Bond Fixed-Rate Financing.

Variable-Rate Financing

A summary of the lending terms of Tax-Exempt Bond Variable-Rate Financing.

Feasibility Worksheet

The Feasibility Worksheet helps you evaluate whether your proposed development will be feasible using WHEDA financing. It walks you through a cash flow analysis, and shows the strengths and weaknesses of your development.

Loan Application

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

How to Use Tax-Exempt Bond Financing

How to Use Tax-Exempt Bond Financing tells how to get started with Tax-Exempt Bond Financing.

Frequently Asked Questions

FAQs list questions and their answers to commonly asked questions about Tax-Exempt Bond Financing.

Data Library

The Multifamily Data Library includes links to reports, such as occupancy rates, operating expenses, tax-credit projects, federally-assisted rental housing, and fair market rents.

Development Guidelines

2008 Income and Rent Limits: HUD published income and rents limits that apply to most tax-exempt bond financing and all tax credit developments.
Capital Needs Assessment Policy and Standards and Developer Scope of Work Requirements (Excel document): Information required for developers and independent, third-party capital needs assessment providers.
Capital Needs Assessment Provider List: A list of approved independent, third-party capital needs assessment providers
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 Providers: A list of approved independent, third-party market study providers.

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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