• 2007 Direct Lending Parameters
Parameters for 2007 Direct Lending Programs

• HOME Team Advantage
Provides construction and long-term low-cost financing and HOME funding in rural communities for small-scale affordable rental housing development.

• Preservation Section 236
The acquisition and rehabilitation of Section 236 rental housing developments is eligible for tax-exempt financing in conjunction with de-coupling of the IRP.

• Preservation Section 8
Provides tax-exempt financing for the preservation of project-based Section 8 rental developments.

• Preservation- All Other (non-Section 8 or 236)
Tax-exempt financing is available for the preservation of federally-assisted housing, including Section 202, Section 515, expiring 4% LIHTC, and other MSHDA-financed rental housing.

• Taxable Lending
Offers competitive, fixed rate construction and long-term financing designed specifically for 9% tax-credit developments. Linked with low-cost HOME financing for family, rural, and other targeted public purposes and with low-cost Preservation Fund loans for preservation of federally-assisted housing.

• TEAM Tax Exempt Lending
Provides construction and long-term below market financing for the construction, acquisition and rehabilitation of affordable rental housing. Linked with low-cost HOME financing for family, supportive housing, and other targeted public purposes.

• Congregate Elderly Policy

• Construction Contracts

• Contractor Requirements

• Modified Pass-Through Program

• Enabling Legislation