CICCAR loans provide an attractive and reliable source of long-term permanent financing for affordable multifamily developments. With competitive rates, a streamlined review process and twenty-four month forward commitments, our loans are designed to facilitate the project development and financing process.
Both nonprofit and for-profit entities may apply for CICCAR financing. To be considered eligible, the proposed development must provide housing opportunities for low-income households, as generally defined under the federal low income housing tax credit (LIHTC) program.
See the following term sheets for more information about the types of loans we offer: