Frequently Asked Questions

How does CHFA finance affordable rental housing?
How long has CHFA been providing multifamily loans to the industry?
What are CHFA’s multifamily programs and what do they finance?
Do CHFA Multifamily Lending programs have income limits?
What are the benefits of using CHFA’s financing?
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?
I’ve heard using Risk Share insurance requires the project to pay prevailing/Davis Bacon wages?
What is the approximate timeline for receiving a CHFA multifamily loan?
How fast is CHFA’s underwriting and commitment process?
How do I apply for a CHFA multifamily loan?