DCHFA’s multifamily housing program offers financing to create and preserve affordable multifamily rental housing throughout the District of Columba. The program offers private for profit and non-profit developers low cost construction and permanent financing that supports the new construction, acquisition, and rehabilitation of rental housing to meet the demand of quality affordable housing for individuals and families throughout the city.
The Multifamily Mortgage Revenue Bond Program (MMRB) and 4% Low Income Housing Tax Credit Program (LIHTC) are the primary long term financing programs used to facilitate affordable multifamily rental housing projects. Long term debt is raised for DCHFA's financing programs through the sale of tax-exempt and taxable bonds in the municipal bond market. Private equity is raised through the syndication of LIHTCs. The Agency also offers short term predevelopment bridge financing through its McKinney Act Loan Program.
Changes to underwriting criteria, higher standards for lenders and underwriters, and an improved monitoring system part of enhanced FHA Multifamily Insurance Program.more
The DCHFA Executive Director and its Public Finance Department present Doing Business with the New DCHFA.more