The Housing Partnership Fund began making homeownership production loans in 2004. To be eligible for Fund financing, homes must be affordable to families whose incomes are 120 percent or less of their area's median income.
We offer two lending products: Homeownership Predevelopment Loans, which provide pre-acquisition capital to help borrowers determine the feasibility of projects and to enable them to reach closing; and Homeownership Development Acquisition Loans, which provide ready capital for the acquisition of sites or buildings that are intended for affordable homes.
Neighborhood Redevelopment Acquisition & Bridge Loans provide financing to members who are acquiring foreclosed homes as a means of stabilizing communities hard hit by the current financial crisis.
For more information, contact Matt Perrenod.