Cash Mortgages with Other Affordability Components*
Financing for multifamily properties with regulatory rent or income restrictions
Targeted Affordable Housing Offerings
- Bond Credit Enhancement – 4% LIHTC
- Bond Credit Enhancement With Other Affordability Components
- 9% LIHTC Mortgage
- Cash Mortgages With Other Affordability Components
- Moderate Rehabilitation
- Tax-Exempt Bond Securitization (TEBS)
- Fixed and Variable Liquidity Pricing
At-a-Glance Comparison
| Product Summary | Immediate Funding |
|---|---|
| Product Description | Financing for the acquisition or refinance of stabilized affordable multifamily properties |
| Type of Funding | Permanent financing |
| Eligible Properties* | Garden, mid-rise or high-rise multifamily properties that meet affordability criteria and with 85% occupancy for 90 days |
| Minimum Debt Coverage Ratio | 1.25x (1.15x w/ HUD Risk Sharing) Cash-out Refinance: 1.30x (1.20x w/ HUD Risk Sharing) |
| Maximum Loan-to-Value | 80% of market value; 90% of market value w/ HUD Risk Sharing |
| Loan Term | Maximum term of 30 years |
| Construction Loan Term | NA |
| Maximum Amortization | 30 years |
| Prepayment Provisions | Yield Maintenance |
| Subordinate Financing | Permitted per the TAH Guide |
| Tax & Insurance Escrows | Required per the TAH Guide |
| Fees | Refer to Exhibit 11: TAH Fee Schedule, in the TAH Guide |
| Securitization Available | Yes, please refer to the Capital Markets ExecutionSM Term Sheet for securitization requirements |
*May include transactions with Section 8, Section 236, tax abatements, or other affordability components.
Contact Us
- Download and print Freddie Mac's contact information
PDF Version
- Download the Cash Mortgages term sheet.
The information in this document is not a replacement or substitute for information found in the Delegated Underwriting for Targeted Affordable HousingSM Guide on AllRegs. Terms set forth herein are subject to change without notice.