The development of affordable housing is a key facet of The Housing Fund's community development efforts. We have assisted in the creation or preservation of over 231 units of affordable housing. These range from supervised apartments for special needs populations, to transitional housing and single family homes for homeownership. Loans can be for pre-development, acquisition, construction, and rehabilitation. In addition to the loan programs described below, THF works with larger developers and other funding sources to create project - or program - specific lines of credit.
Program Guidelines:
The sales price or rents must be affordable to low and moderate income families; or,
The project must be located in a low or moderate income census tract (You can check an individual address by geocode, on line at (www.ffiec.gov)
THF will loan up to 80% of the value of the property or 90% of the cost of the project
Repayment terms are based on the individual project
Rental projects must have a commitment for permanent financing before final approval from THF can be given
Borrower name, address, phone number and previous development experience
Financial Information on the Borrower
The purpose of the loan
Amount requested
How will the loan be repaid
Project location
What collateral will be used to secure the loan
What term (length) is requested
Project budgets and plans, if available
Please download the requested application by clicking the above link. Applications may be submitted in person or by fax (615) 780-7001.
Free Technical Assistance may be available to assist you with project development and financing options. For further information contact The Housing Fund at (615) 780-7000.
