The Homes for Working Families Program (HWF) provides gap financing through low-interest loans for capital costs and related acquisition and soft costs associated with the new construction or rehabilitation of affordable housing. The primary financing sources for HWF projects must be tax-exempt bonds which are allocated from the State's Private Activity Bond Volume Cap and 4% Low-Income Housing Tax Credit issued in conjunction with the bonds.
Guidance in regard to HCR's investment strategy, HWF funding priorities, HWF funding availability and limitations, program eligibility requirements, and other specific information necessary to submit a funding application are set forth in the HWF Notice of Funding Availability and Request for Proposals.
For more information or questions regarding the HWF Program, contact:
Note: For those seeking apartments, please refer to the following link by clicking here
Last updated: 9/19/12