mf developer

Multifamily Developers


Loan Products
Tax Credits
Development
Guidelines 
Forms &
Manuals
Resources

Tax-Exempt Bond Financing

Provides long-term below market interest rate financing for the construction, acquisition and rehabilitation of affordable rental housing.

Stand-Alone Bond Financing

Provides increased flexibility and expeditious timing for long-term below market interest rate taxable or tax-exempt financing for the construction, acquisition and rehabilitation of affordable rental housing.

Preservation Plus Financing

Provides long-term discounted tax-exempt financing for the acquisition and substantial rehabilitation of affordable housing.

Preservation/ SOS Initiative

Provides financing to preserve existing affordable housing.

Midwestern Disaster Area Bonds

WHEDA announces the availability of Midwestern Disaster Area Bond loans for multifamily development.

Tax Credit Development Financing

Offers competitive, fixed-rate financing designed specifically for tax credit developments.

Construction Plus Loan

Provides short-term, variable interest rate financing of up to 90% of the development cost of rental housing for families, elderly, or people with disabilities.

WHEDA Preservation Revolving Loan Fund (RD-PRLF)

Provides long-term below-market financing to preserve existing USDA Section 515 housing.

Rental Housing Accessibility Loan

Provides mortgage loans for multifamily developments that need to improve accessibility to meet ADA/504 or Fair Housing requirement.

 

Multifamily Lending Rates

Tax-Exempt Financing
Rate: 5.85%

Preservation Plus
Rate: 5.60%

Taxable Bond Rate
Rate: 7.70%

Construction Plus
Rate: 5.11%

Tax Credit Financing*
Term: 30
Yield Maintenance: 15
Rate: 7.50%

* 30 year term/15 year yield maintenance includes service fee

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