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Multifamily Financing

WHEDA Emerging Business Performance Report – This report provides highlights, information and data on the program’s progress and the positive impact it is making to help spur local economies.

 7/10 Flex Financing: Fixed rate loans with either 7 year or 10 year rate structures

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.

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.

 

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.

7/10 Flex Financing

Call any WHEDA Senior Underwriter for funding availability. 

Offers Borrowers flexible fixed-rate loans under either 7 year or 10 year rate structures.

Multifamily Lending Rates

Tax-Exempt Financing
Rate: 5.65% 

Preservation Plus
Rate: 5.40% 

Taxable Bond Rate
Rate: 7.20%

Construction Plus
Rate: 4.65% 

Tax Credit Financing*
Term: 30
Yield Maintenance: 15
Rate: 6.60% 

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

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