Contact Our Multifamily Originations Team
With decades of experience in multifamily lending, our team can help you solve even the most complex financing for your development needs.
Purchase, Rehabilitate, Refinance, and Preserve Multifamily Housing
Financing for existing multifamily rental housing developments that include restricted affordable units. Execution options vary based on the level of affordability at the development and the level of rehabilitation planned.
Tax-Exempt Bond Financing
For developments undergoing significant rehabilitation work, MassHousing offers access to tax-exempt private activity bond financing that will allow developments to access 4% LIHTC. Bond financing is available with HUD HFA Risk Share credit enhancement or through the conduit lending program.
MassHousing also issues 501c3 bonds to developments owned by nonprofit organizations.
Federal Financing Bank (FFB) Financing
MassHousing is a lender under the U.S. Treasury Department’s FFB program, offering competitive debt for properties undertaking more limited rehabilitation work.
Multifamily Accelerated Processing (MAP) Financing
MassHousing provides non-recourse, assumable financing for the purchase or refinance of existing multifamily developments that are at least three years old under the ยง223(f) Program. The program is available to for-profit, nonprofit, and public owners of affordable and mixed-income rental developments.
Additional Financing Options
As an independent lending authority, MassHousing sets its underwriting standards and can offer financing for a variety of projects, including projects using 40B, so long as a minimum of 20% of units are rent restricted and occupied by those earning 80% of area median income.
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Forms & Documents
Find term sheets, loan application and closing documents, policies, income limits and other resources to help you apply for and close multifamily financing with MassHousing.