Affordable Housing Apartment Loan Programloan City Capital Finance arranges multifamily affordable housing financing with flexible terms and competitive prices for acquisition and refinance of multifamily properties in California that are qualified as affordable housings. We have relationships with Federal Agency capital providers to secure multifamily affordable housing loans with the most competitive rate and terms to meet the individual needs and requirement of our clients. Multifamily Affordable Housing Loan-Highlights City Capital Finance arranges Fannie Mae multifamily affordable housing loans for acquisition and refinance of existing and stabilized eligible multifamily apartment buildings in California. Affordable housing properties are those that participate in Low Income Housing Tax Credit (LIHTC) program, are encumbered in Housing Assistant Payment (HAP) or Section 8 program. Loans from $1,000,000 and up Up to 90% loan to value Non recourse with standard exceptions for frauds and misrepresentation 5, to 30 year term Up to 30 year amortization Fixed and adjustable rate options Loans are assumable subject to approval Yield Maintenance pre-payment Tiered pricing matrix based on Debt Service and loan to value 90% minimum occupancy requirements