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Green Incentives
Green Incentives
At CHC, we’re committed to supporting sustainable development and incorporating green incentives throughout all our loan products. With a focus on partnership and flexibility, we work closely with our borrowers to access the funding and resources necessary to bring green building practices to life. Our goal is to make it easier to go green and create communities that benefit both people and the planet.
Ready to talk about how we can go green together? Reach out to our team below.
Alvin Saafir at asaafir@communityhousingcapital.org
Cindy Holler at choller@communityhousingcapital.org
Dana Chestnut at dchestnut@communityhousingcapital.org -
Lines of Credit
Lines of Credit
Lines of Credit Predevelopment LOC Multifamily Acquisition LOC Single Family LOC Purpose To Cover Feasibility Studies and 3rd Party Costs Expedited Closings for MF Properties to Compete with All-Cash Offers Expedited Closings for Acquisition and/or Rehab of SF Homes. Pairs well with Scattered-site Development. Loan Amounts Up to $1MM Up to $10 MM Up to $10 MM Term Up to 36 months Up to 36 months Up to 36 months LTV N/A Up to 95% for Performing Multifamily Properties Up to 85% Repayment Monthly Interest Only Monthly Interest Only Monthly Interest Only Commitment Fee Determined on a Case-by-Case Basis Determined on a Case-by-Case Basis Determined on a Case-by-Case Basis Application Fee $2,000 $2,000 $2,000 Collateral Unsecured 1st Lien Security Interest 1st Lien Security Interest Legal Paid by Borrower Paid by Borrower Paid by Borrower -
Acquisition
Acquisition
Purpose Purchase of Land, Vacant or Occupied Multifamily Buildings Loan Amounts Up to $15 MM Term Up to 36 months LTV Land: Up to 85%
MF: Up to 95%Repayment Monthly Interest Only Commitment Fee Determined on a Case-by-Case Basis Application Fee $2,000 Collateral 1st Lien Security Interest Legal Paid by Borrower -
Construction
Construction
Multifamily Construction Single Family Construction (Revolving) Purpose New Construction and Rehab of Multifamily Properties New Construction and Rehab of Single Family Scattered-site and Sub-division Loan Amounts Up to $15 MM Up to $10 MM Term Up to 36 months Up to 36 months LTV Up to 95% with Subsidy in Place Up to 85% Repayment Monthly Interest Only Monthly Interest Only Commitment Fee Determined on a Case-by-Case Basis Determined on a Case-by-Case Basis Application Fee $2,000 $2,000 Collateral 1st Lien Security Interest 1st Lien Security Interest Legal Paid by Borrower Paid by Borrower -
Bridge
Bridge
Purpose Short-term Funds to Bridge Timing of Committed Subsidy or Long-term Financing Loan Amounts Up to $15 MM Term Up to 36 months LTV Up to 90% Repayment Monthly Interest Only Commitment Fee Determined on a Case-by-Case Basis Application Fee $2,000 Collateral 1st Lien Security Interest Legal Paid by Borrower -
Multi-Family Permanent
Multi-Family Permanent
Mini-Perm Multifamily Permanent Purpose Acquire and Stabilize Multifamily Housing Preserve Multifamily Properties Long Term, Fixed-rate Loan > 20 units Loan Amounts $250K - $15 MM $500K - $15 MM Term Up to 7 Years Up to 30 Years LTV Up to 90% Up to 90% Repayment Monthly Principal and Interest Payment based on 30-year Amortization Monthly Principal and Interest; May have 15-year Lockout or Yield Maintenance Commitment Fee Determined on a Case-by-Case Basis Determined on a Case-by-Case Basis Application Fee $2,000 $2,000 Debt Service Coverage Determined on a Case-by-Case Basis Determined on a Case-by-Case Basis Collateral 1st Lien Security Interest 1st Lien Security Interest Legal Paid by Borrower Paid by Borrower -
Forward Commitment
Forward Commitment
Purpose Take-out for LIHTC Properties > 20 Units Loan Amounts $500K - $10 MM Term Up to 30 Years LTV Up to 90% Repayment Monthly Principal & Interest; May have15-year Lockout or Yield Maintenance Commitment Fee Determined on a Case-by-Case Basis Applications Fee $2,000 Collateral 1st Lien Security Interest Debt Service Coverage Determined on a Case-by-Case Basis Legal Paid by Borrower -
FHLBAtlanta AHP
CHC sponsors several applications each year on behalf of its borrowers to receive an Affordable Housing Program (AHP) award for up to $500,000 for the acquisition, construction, rehabilitation, and development of affordable rental and ownership housing. As part of sponsoring borrower applications to FHLBank Atlanta, CHC also provides a commitment for additional financing for the project upon successful application to each organization.
