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WHEDA Home Page /  Developers and Property Managers /  Financing

Financing and Terms Sheets

In addition to our Housing Tax Credit programs, WHEDA offers a variety of financing options for multifamily developers.

 

Lending Rates  (9/26/2023)

Program Rate

Long-Term Tax-Exempt Financing

  • Current indicative rate without hedge
  • Rate lock will be offered at bond issuance
  • Indicative bond rates will be updated weekly
 6.60%

Short-Term Tax-Exempt Financing

  • Current indicative rate without hedge
  • Rate lock will be offered at bond issuance
  • Indicative bond rates will be updated weekly
 6.30%
Preservation Plus 6.35%
Construction Plus 8.43%-8.68%
Tax Credit (LIHTC) 9% Financing

6.65%
Term: 35 years
Yield Maintenance: 15 years
Taxable Financing 6.90%
Short-term Reinvestment Rate/General Fund 5.23%
Preservation Revolving Loan Fund 2.00%-5.00%
7/10 Flex Financing 7-Year Reset Option: 7-year Treasury plus 210 bp spread
10-Year Reset Option: 10-year Treasury plus 230 bp spread
*See term sheet for more information