Providing affordable housing loans for multifamily properties with eligibility under the LIHTC Program.

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Your Single Choice in Multifamily Lending

Searching for HUD median family incomes? Click here for HUD median income by city (MSA) or county.

Searching for an affordable housing loan program under $1 million? CommercialBanc offers small balance affordable housing loans under its Banc-Series™ Apartment Loan Program.

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CommercialBanc Affordable Housing Loan Program Overview

CommercialBanc Multifamily Lending Group works closely with Fannie Mae, Freddie Mac, developers, nonprofit organizations, foundations, and other agencies and lenders to provide both debt and equity solutions for the financing of affordable rental housing properties for low and moderate income families.

Affordable Housing Debt Financing Programs

CommercialBanc provides permanent financing for the acquisition or refinance of existing, stabilized multifamily properties - as well as funded and unfunded forward commitments for construction and substantial rehabilitation of affordable housing properties - that meet or exceed the income and occupancy restrictions of the federal Low-Income Housing Tax Credit (LIHTC) program.

LIHTC Guidelines

At least 20 percent of all units must have restricted rents affordable to households earning no more than 50 percent of AMI (area median income); or

At least 40 percent of all units must have restricted rents affordable to households earning no more than 60 percent of AMI; or

There is a compelling public purpose -- namely continued affordability -- which is furthered by the property.

Learn more about permanent financing solutions for Low Income Housing Tax Credit (LIHTC) Properties

Learn more Forward Commitments for construction or rehabilitation of affordable housing properties

Credit Enhancement for Tax Exempt Housing Bonds

CommercialBanc provides both fixed rate credit enhancements for fixed rate tax-exempt housing bonds and floating rate credit enhancements for variable rate tax-exempt bonds, bonds for which the proceeds are used to provide financing for existing or newly constructed affordable housing properties.

Learn more Credit Enhancement Program for Tax-Exempt Bonds

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* The Low Income Housing Tax Credit Program is designed to provide incentives for the production and preservation of affordable housing properties. Tax credits are provided for investment in well-built, well-maintained rental properties that qualify for the LIHTC program, affordable housing properties where renters earn 60 percent or less of area median income.

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