CAPABLE program


construction and permanent affordable bond loan (capable)

CAPABLE combines construction and permanent financing to provide over $6 million for 4 percent Housing Credit projects, using a streamlined process only available to housing finance agencies.

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It offers some of the lowest interest rates due to index pricing associated with Private Activity Bonds, and one of the lowest mortgage insurance premiums in the industry.

eligible projects

  • 4 percent Housing Credit

eligible uses

  • New construction 
  • Acquisition/rehab

pair with these chfa programs

frequently asked questions

What is the HFA/HUD 542(c) Risk Sharing program?
What is the difference between 542(c) Risk Sharing and HUD Multifamily Accelerated Processing (MAP) programs?
Does Risk Share insurance require the project to pay prevailing/Davis Bacon wages?
Will the project incur negative arbitrage on the private activity bonds during construction?
Does CHFA have reserve requirements?