Taxable Bonds

Program Status
Program Description

CHFA taxable bond financing may be provided for projects eligible for 9% LIHTCs or for developments that meet CHFA’s affordability criteria but do not need LIHTCs to achieve feasibility.

Program Type
Type of Funding
Source of Funds
Bonds
Funding Amounts/Limits

The amount of taxable bond financing per development is limited to the amount that can reasonably be repaid over time. The overall amount of taxable bonds available for allocation is not limited.

Target Population(s)

Low income renter households

Links to Additional Resources

Eligibility

Eligible Applicants
Eligible Project Size
Other Eligibility Guidelines

Eligible developments must contain at least 20% affordable housing.

Application

Application Timeline

Rolling

Overview of Application Process

Competitive application process

Additional Information

Other Notes

For current taxable bond rates and rate lock information, see Multifamily Financing

Last Updated
June 6, 2024
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