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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

Program Rate
Long-Term Tax-Exempt Financing 4.35%
Short-Term Tax-Exempt Financing 2.75%
Long-Term Tax-Exempt Financing
  • Commitment signed before November 1, 2021 and
  • Rate cap for deals closing by November 30, 2021, with one extension to December 15, 2021
 4.25%
Short-Term Tax-Exempt Financing
  • Commitment signed before November 1, 2021 and
  • Rate cap for deals closing by November 30, 2021, with one extension to December 15, 2021
 2.50%
Preservation Plus 4.00%
Construction Plus 3.10%-3.35%
Tax Credit (LIHTC) 9% Financing

4.95%
Term: 35 years
Yield Maintenance: 15 years
Taxable Financing 5.25%
Short-term Reinvestment Rate/General Fund 0.03%
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