What is the purpose of the Housing Opportunity Fund (HOF) program and how is it funded?
Is the debt must-pay “hard debt,” or is repayment cash flow dependent (“soft debt”)?
How are the funds allocated?
How may it be paired with other CHFA programs or products?
Does the loan product require CHFA be the senior permanent lender?
Are non-LIHTC projects eligible?
Are projects able to use a loan term longer than 30 years to better align with other funding sources?
Does CHFA have reserve requirements?