New Issue Bond Program (NIBP)

IHDA is offering low-cost fixed-rate permanent financing which will provide resources to borrowers to finance new construction, acquisition and rehabilitation or adaptive reuse of existing developments.  The IHDA Multi-Family Initiative Bonds provide the availability of tax-exempt financing with a fixed rate of interest for developments financed by bonds that will close by November 15, 2012.

Program rules and guidelines

Applying for MPC

Please see the Application for Multifamily Financing page and Program Timelines page.