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What is a standard interest rate on an IHDA Multifamily loan?

April 26, 2017ihda Interest rate loan multifamily standard

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What is a standard interest rate on an IHDA Multifamily loan?

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Interest rates depend on the source of financing. Interest rates are determined on a case by case basis depending on what the development can support, but can be as low as 1% interest for Trust Fund or HOME loans if needed. Interest rates for credit enhance mortgages vary with the taxable and tax exempt interest rate market.