small multifamily permanent loan (simple)

SIMPLE provides up to $3 million in uninsured permanent financing for 9 percent Housing Credit projects. With streamlined execution, you can get to loan commitment in as little as 60 days of submitting a complete application.

eligible projects

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  • 9 percent Housing Credit

eligible uses

  • Acquisition
  • New construction
  • Substantial rehabilitation

Pair with These CHFA Programs

frequently asked questions

Are 4% or 4% and State Housing Credit projects eligible for the SIMPLE loan product?
Since SIMPLE is uninsured, will I have to provide a personal guarantee?
What’s the difference between uninsured and insured?
What is the timeframe to issue a CHFA loan commitment?
When will the loan fund?
When is the 2 percent rate lock fee due?
Does CHFA have reserve requirements?