To meet the needs of our borrowers, applications for financing are accepted on a rolling basis year-round.
It is highly recommended that new applicants communicate with the MHHEFA team early in their planning process to ensure the best possible outcome.
Pool deals generally take between 8-12 weeks to complete.
- Borrower communicates plan of finance to MHHEFA program officer
- Parameters are reviewed and preliminary timeline established
- Borrower drafts executive summary outlining final plan
- Invited to complete application
- Completed application submitted to MHHEFA team
- Applicant presents to the board for Q&A
- Approved applicants added to the pool
Price & Close
- Bonds are brought to market
- Official Statement published
- Purchase & loan contracts finalized
- Funds transferred