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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 

(as of  5/17/2022)

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
 6.10%

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
 4.95%
Preservation Plus 5.85%
Construction Plus 3.94%-4.19%
Tax Credit (LIHTC) 9% Financing

4.95%
Term: 35 years
Yield Maintenance: 15 years
Taxable Financing 5.25%
Short-term Reinvestment Rate/General Fund 0.66%
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