Preserve/Refinance Multifamily Housing
Financing for existing multifamily developments using both taxable and tax-exempt executions. Available to profit motivated, non-profit motivated and public owners of affordable and mixed-income rental developments.
For properties with minimal to moderate rehabilitation using both taxable and tax-exempt financing primarily through the HUD/HFA Risk Share Financing program.
This option allows for rehabilitation of up to $40,500/unit and not more than one full building system.
For properties with rehabilitation costs greater than 15% of value or the $40,500 per unit limitation defined in the Treasury/FFB option.
MassHousing can provide a construction and permanent loan, construction only loan or permanent only loan.
Conduit Bond Program
A simplified and streamlined alternative for borrowers who choose to provide their own credit enhancement.
For more information, please contact our Rental Lending Staff.
MAP/GinnieMae Refinance/Acquisition 223(f)
MassHousing provides non-recourse, assumable financing for the purchase or refinance of existing multifamily developments which are at least three years old under the §223(f) Program. The program is available to profit motivated, non-profit motivated and public owners of affordable and mixed-income rental developments. Learn more about our MAP/GinnieMae 223(f) program.
MAP/GinnieMae 223(f) Low Income Housing Tax Credit Program
MassHousing provides non-recourse, assumable financing for multifamily developments with 4% or 9% Low Income Housing Tax Credits (LIHTC). Learn more about our MAP/GinnieMae 223(f) LIHTC pilot program.
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. For additional lending terms and conditions, please see the Mixed-Income Financing Programs (40B) term sheet.
Rental Business Portal
MassHousing's multifamily partners can access program information, forms & documents as well as other resources, and can log in to submit reports, view loan information and more.