Multifamily Financing

2011-12 QAP - Bundled .pdf document includes Governor's letter, Major Change Document, and QAP.
2011-12 Sample Self-Scoring Exhibit - Credit must be requested electronically via LOLA, WHEDA's online application system. This sample document cannot be used to apply for credit.
10% Test due dates - Excel file (34 KB) - Revised 8/4/10
2010 LIHTC Award List : Competitive Application Results - pdf file (30 KB)
Construction-site signage specifications for WHEDA financed developments can be found at Tools or in the Appendices section on the latest tax credit program page.

Loan Products

Development
Guidelines

Forms

Regulations &
Guidance

Resources

Tax-Exempt Bond Financing

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

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: 7.80%

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