Affordable Housing Projects Beginning to Receive Stimulus Funds

Affordable Housing Projects Beginning to Receive Stimulus Funds

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FHA 223(f) Waivers and Bond Transaction

July 29, 2009 Revised Temporary Waivers of three year rule for Section 223(f)

Property must have a Certificate of Occupancy (CO) dated no later than the date of the loan application. In other words, a waiver is possible for all new properties that are built and have a CO.

We can now finance your new multifamily bond deal using FHA 223(f) as a construction take-out.

FHA 242/223(f) Refinance Tax-Exempt Bond Credit Enhancement Hospital

The new FHA 242/223(f) program can provide replacement tax-exempt bond credit enhancement from FHA on Hospital Properties in need of new credit enhancement.

See FHA 242/223(f) for more details.

FHA 223(f), Freddie Mac and FHA 221(d)(4) Bond Credit Enhancement

We can provide credit enhancement for tax-exempt bonds for existing deals using FHA 223(f), Fannie Mae and Freddie Mac affordable multifamily housing programs.

The debt service coverage is 1.17 to 1.25 and the bonds are fixed or variable depending on program.

The FHA 221(d)(4) program can be used for new construction and Freddie Mac is offering a forward commitment for bank take outs.

The credit enhancement programs are available for tax credit transaction with 4% LIHTC and for non-profit 501(c) borrowers.

Kendall Realty Advisors also can enhance bonds for Healthcare using FHA 232 and for Hospitals using FHA 242 mortgage insurance programs.

Apartment Loan Credit Enhancement of Tax-Exempt Bonds

Kendall Realty Advisors offers credit enhancement of tax-exempt housing bonds using FHA, Fannie Mae and Freddie Mac Apartment and Healthcare Financing Programs.

We are aligned with CWCapital a Leading National Affordable Housing Lender

National Fannie Mae - FHA - Freddie Mac Affordable Housing Lender

Fixed Rates - Floating Rates

Kendall Realty Advisors is a specialist in Tax-Exempt Bond Credit Enhancement Transacitons.

kendallrealty@gmail.com