Provides lower pricing to finance affordable properties with enhanced resident services that improve the health and stability of their residents. Enhanced Resident Services include health and wellness services, work and financial capability support, and more.
Provides lower pricing to finance affordable properties with health-promoting design and operational features. Health-promoting design and operational features include playgrounds, fitness equipment, tobacco-free environments, green spaces, and more
Provides lower pricing, additional loan proceeds, and a free High Performance Building Report (energy and water audit) to finance smarter, greener property improvements.
Can be used as collateral to credit enhance either existing fixed-rate bond refundings or new fixed-rate bond issues in conjunction with 4% Low-Income Housing Tax Credits (LIHTC).
Offers an unfunded forward commitment to issue an MBS upon completion of construction and conversion to a permanent mortgage loan for multifamily affordable properties.
Permanent mortgage loan financing for Multifamily Affordable Housing (MAH) Properties in need of renovations, eliminating the need for a construction loan.
Manage interest rate risk, while keeping flexibility and speed to rate lock in mind. SRL is available on all fixed-rate loans for the acquisition or refinance of multifamily properties.
Offers a 30 year Mortgage Loan, comprised of an initial term where interest accrues at a fixed rate, after which it automatically converts to accrue interest at an adjustable rate for the remaining term.
Credit enhancement for tax-exempt bonds issued to finance the acquisition, new construction, refinancing, or moderate to substantial rehabilitation of multifamily properties.
Provides financing options for manufactured housing communities where the Borrower owns the Manufactured Housing Community (MHC) sites and associated common amenities and infrastructure.
Financing options for properties that provide Independent Living (IL), Assisted Living (AL), Alzheimer’s/Dementia Care (ALZ), or any combination thereof.
Long term financing with a very competitive variable interest rate that is convertible to a fixed-rate for the acquisition or refinance of multifamily properties.
Financing options for properties owned by a Cooperative Organization, which is a corporation or other legal entity where each shareholder or equity owner is granted the right to occupy a unit in a multifamily residential property under a proprietary lease or occupancy agreement.
Three variable rate financing options for Multifamily Affordable Properties: the ARM 7/6™ Loan, the Structured ARM (SARM) Loan, and the ARM 5/5 Loan, each of which offers a fixed rate conversion feature.
Credit Enhancement of Variable-Rate Tax-Exempt Bonds
Term Sheet
| 07.06.2022
y provides credit enhancement for variable-rate tax-exempt bonds issued to finance the acquisition, new construction, refinancing, or moderate to substantial rehabilitation of multifamily properties
Offers an unfunded forward commitment to issue an MBS upon completion of construction and conversion to a permanent mortgage loan for multifamily affordable properties. The MBS as Collateral for Tax-exempt Bonds (M.TEB) execution is an available option for 4% LIHTC transactions.
Permanent mortgage loan financing for newly constructed or recently renovated conventional and affordable multifamily apartment communities expected to achieve stabilized occupancy within 120 days.
Fannie Mae Multifamily offers Sponsor-Initiated Affordability (SIA), a product initiative that provides better pricing and underwriting flexibility to incentivize the voluntary creation or preservation of units.
Sponsor-Dedicated Workforce (SDW) Housing provides better pricing and more flexible underwriting to incentivize the creation and preservation of units that are affordable.
