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NHTCDF Terms and Conditions
| Loan Maximum: |
Predevelopment: $50,000-
$500,000
Interim Development: $50,000-$500,000
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| Term of Loan: |
12-60 months, interest payable quarterly |
| Repayment: |
Predevelopment: at permanent
financing or termination of project.
Interim Development: at loan maturity date. |
| Rate: |
Below market rate
set by NHT Loan Committee |
| Fees: |
1% origination fee; subject to a $300 minimum. |
| Security: |
Borrower must guarantee. |
| Eligible Borrowers: |
Nonprofit or Limited Partnerships
with a nonprofit managing General Partner. |
| Experience: |
Demonstrated history of successful completion
of similar projects and organizational capacity to complete project. |
| Eligible Projects: |
Existing multifamily housing. Must demonstrate
affordability. |
| Eligible Purposes: |
Approved predevelopment expenses; bridge
financing; other approved activities. |
For more information about the Loan Fund, please contact
Keiva Dennis
at the National Housing Trust, 202-333-8931.
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