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Capital Improvement Resources and Financing

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readingplans2Multifamily housing developments often require funding to finance capital improvements and repairs. Management agents and owners should consult with their CHFA Asset Manager about specific funding options available to multifamily affordable rental housing.

Below are links to several options:

State-Sponsored Housing Portfolio (SSHP) – Critical Needs
Funding is available for SSHP developments under this NOFA to address Critical Needs.  Applications for funding will be accepted on a rolling basis beginning April 16, 2018.

State-Sponsored Housing Portfolio (SSHP) – Recapitalization
Funding is available for eligible SSHP developments that the Capital Plan targeted a transaction in 2014 through 2020.

Replacement, Maintenance & Reserve Requirements
Find out how to access the funds in your development’s Replacement Reserve Escrow Account to pay for capital improvements and repairs in your housing development.

Whether you’re looking to construct a new development or rehabilitate an existing property, CHFA can help finance your affordable housing project. 

 

 

 

 
 
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