Other Financing Programs

AFFORDABLE HOUSING FUND

The Affordable Housing Fund (AHF) was created by the Legislature in 1988 and is administered by New Hampshire Housing to facilitate the purchase and rehabilitation or construction of affordable housing, primarily for low- and moderate-income households.

• The AHF is a true revolving loan fund, and as such, it is replenished through program income including loan repayments, as well as through the allocation of certain tax-exempt bond fees and earnings, and legislative appropriations.
• Funds from the AHF are generally combined with other funds, including (but not limited to) federal HOME funds.

For more information, see  program rules for HFA: 113.  

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CONSTRUCTION AND BRIDGE LENDING PROGRAM 

The Construction Lending Program provides construction financing for multifamily rental projects utilizing other New Hampshire Housing funding.  In addition, funds may be used in certain circumstances to bridge investment from Low Income Housing Tax Credit investors. 

• Rates and terms are competitive with the market, and this program offers the convenience and cost savings of a single source of financing for an affordable housing rental project.

For more information, see  program rules for HFA: 110.

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FEDERAL HOME INVESTMENT PARTNERSHIPS PROGRAMS

The Federal HOME Investment Partnerships Program is the primary source of capital subsidy support for Low Income Housing Tax Credit projects.

• The capital subsidy source will be determined by New Hampshire Housing based on project needs and resource availability.  

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HOUSING TRUST FUND

The federal Housing Trust Fund (HTF) provides financing to create housing affordable for extremely low-income households for a minimum of 30 years. 

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TAX EXEMPT BONDS FINANCING AND PORTFOLIO PRESERVATION PROGRAM

The Tax Exempt Bonds Financing and Portfolio Preservation Program is designed to provide construction and/or permanent debt financing through the sale of tax exempt or taxable bonds and equity financing through the use of the Low Income Housing Tax Credit. 

• The program is well-suited for the preservation of existing subsidized housing. Projects using this program typically have an income stream that allows the project to service significant long-term debt.

For more information on this program, see  program rules for HFA: 114.