HIT Financing Programs

The Trust offers financing to meet an array of needs related to the development, rehabilitation, or preservation of real estate, including:

  • Construction financing
  • Permanent financing
  • Fixed or floating rate forward commitments
  • Secured bridge loans

The Trust has a long history of working closely with for-profit and non-profit developers, housing agencies, members of the mortgage banking community, labor unions, government-sponsored enterprises (GSEs) and others to identify and structure the financing needed for their real estate developments.

The Trust structures its financing with credit enhancements provided by a variety of sources, including the Federal Housing Administration (FHA), Ginnie Mae, government-sponsored enterprises such as Fannie Mae and Freddie Mac, and state and local agencies.

The Trust offers the following financing programs:

  • FHA-Insured Construction and Permanent Loan
  • GSE Credit-Enhanced Construction/Permanent Loan Program for Multifamily Housing
  • GSE Credit-Enhanced Forward Commitment Permanent Loan Program for Multifamily Housing
  • State Housing Finance Agency Programs
  • Tax Credit Bridge Loan Investment Program

The Trust’s Multifamily staff has technical expertise in structuring layered affordable housing financing using a variety of public and private capital sources, including low-income housing tax credits, federal and state historic tax credits, Home Investment Partnership Program (HOME), Community Development Block Grants (CDBGs), the Federal Home Loan Bank’s Affordable Housing Program (AHP) and Community Investment Program (CIP) and other programs.

For more information on the Trust’s financing programs, please call (202) 331-8055 and ask to speak with the Multifamily Finance Department.