The Concessionary Debt program provides loan options to for-profit, nonprofit, local governments and tribal government entities to support affordable housing investment, including:
- Multifamily Finance: Debt financing for the development and preservation of low- and middle-income multifamily rental developments
- LIHTC Gap Finance: Gap financing in the form of subordinate debt for Low Income Housing Tax Credit projects
- LIHTC Predevelopment Finance: Gap financing in the form of predevelopment loans for LIHTC projects
Modular and Factory-build Manufacturers
The fourth option is debt financing for modular and factory-build housing manufacturers and is not subject to AMI or Proposition 123 Local Government Affordable Housing Commitment requirements. Please visit the Innovative Housing Manufacturer Financing webpage to learn more.
Helpful Links
- FY24-25 Concessionary Debt Selections (PDF)
- FY24-25 Concessionary Debt: Applications List (PDF)
- FY23-24 Concessionary Debt Selections (PDF)
- FY23-24 Concessionary Debt: Applications List (PDF)
- Equity/Concessionary Debt – Compliance Monitoring Guidance (PDF)
- Training and resources
- Sign up for eNews
Contact
CHFA Community Development
Terry Barnard
Manager, Community Development Lending
303-297-4866
David Foust
Commercial Loan Officer III
303-297-4865
If you have questions, contact CHFA Community Development at [email protected].
