Multifamily Developers

Multifamily Developers

IMPORTANT ANNOUNCEMENT REGARDING VOLUME CAP

2016 Volume Cap
The Agency encourages and continues to accept applications for multifamily developments. 2016 Volume cap will be provided to as many qualified projects as are reasonably feasible, subject to the continued availability of volume cap for these purposes.

Due to the overwhelming demand for 2016 volume cap, the initial priorities are as follows:

  1. Superstorm Sandy projects receiving Fund for the Restoration of Multifamily Housing (FRM) and/or Sandy Special Needs Housing Fund (SSNHF) funds;
  2. Non-Sandy projects that have received a commitment, or those previously scheduled to receive an Agency financing commitment; and
  3. Agency portfolio workout projects.

Based on these priorities, the Agency anticipates that the 2016 volume cap allocation may be fully exhausted. Applicants that do not meet a listed priority should be aware that the first availability for a firm commitment may be delayed until 2017.

2017 Volume Cap
The Agency is continually monitoring the utilization of volume cap and will review whether there is a need for a priority funding criteria for projects requesting volume cap for 2017 and beyond. 

Important General Information for Multifamily Developers

Start here for basic information regarding HMFA's financing programs, eligibility and how to apply.

Current Multifamily Pooled Bond Interest Rates

Download the current interest rates for our various multifamily financing programs, conveniently available as a PDF document (49k PDF). Updated regularly.

Multifamily Rental Financing Program Underwriting Guidelines

Download the Multifamily Rental Financing Program Underwriting Guidelines here, conveniently available as a PDF document (169k PDF). The file will open in a new browser window.

Multifamily Rental Financing Program Operating Expenses

Download the Multifamily Rental Financing Program Operating Expenses document here, conveniently available as a PDF document (78k PDF). The file will open in a new browser window.

Construction Only Loan Program Guidelines

Download the Construction Only Loan Program Guidelines, conveniently available as a PDF download (103k PDF). The file will open in a new browser window.  

Multifamily Preservation Lending Program Underwriting Guidelines

Download the Multifamily Preservation Lending Program Underwriting Guidelines here, conveniently available as a PDF document (169k PDF). The file will open in a new browser window.

Multifamily Bond Conduit Program Guidelines

Download the Multifamily Bond Conduit Program Guidelines here, conveniently available as a PDF document (168k PDF). The file will open in a new browser window.

Conduit Agency Pool of Qualified Senior Underwriters

Download the current approved Conduit Agency Pool of Qualified Senior underwriters here, conveniently available as a PDF document (188k PDF). The file will open in a new browser window.

Multifamily Appendix

Download the Multifamily Appendix here, available as a PDF file (5.9MB PDF). This file includes information as well as forms necessary for application. The file will open in a new browser window.