Small Multifamily Community Development Finance Institution (CDFI) Loan Pool

Program Status
Program Description

The Small Multifamily Community Development Financial Institution (CDFI) Loan Pool Program offers affordable funds to participating CDFIs for eligible developments that typically wouldn’t seek direct financing from CHFA.

Program Type
Type of Funding
Source of Funds
General Fund Appropriations Other
Funding Amounts/Limits

Loan pool is $12 million. Maximum loan request is 75% of the total development costs, with a maximum request of $1 million per development.

Target Population(s)

Households with income at 80% of AMI or less

Links to Additional Resources

Eligibility

Eligible Project Size
2-20 units
Other Eligibility Guidelines

Only participating CDFIs can request funding from the loan pool. Interested CDFIs can submit a request to join the program on a rolling basis.

Application

Application Timeline

Rolling

Overview of Application Process

CDFIs participating in the program can then submit draw requests for projects, which CHFA reviews for approval.

Additional Information

Other Notes
Last Updated
June 6, 2024
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