IHFA can also assist affordable housing sponsors in obtaining subordinate financing for their project. During construction, subordinate financing typically covers the difference, or equity gap, between the cost of construction and the amount of the construction loan. After construction, the loan is in a subordinate position to the senior permanent lender. Learn more about subordinate financing at the following links.
 

Community Development Block Grant (CDBG)  (This link will take you to a site outside of IHFA)

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