Get Financing

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.

• Officer Review
• 1. Borrower communicates plan of finance to MHHEFA program officer
  2. Parameters are reviewed and preliminary timeline established
  3. Borrower drafts executive summary outlining final plan
  4. Invited to complete application

• Board Review
• 1. Completed application submitted to MHHEFA team
  2. Applicant presents to the board for Q&A
  3. Approved applicants added to the pool

• Pool Formation
  Deal Schedule
• 1. Bond Counsel prepares tax due diligence with borrowers
  2. Senior Underwriter reviews deal structure with borrowers
  3. Authority makes rating agency presentations
  4. Board votes on final bond resolution
  5. Preliminary Official Statement mailed

• Price & Close
• 1. Bonds are brought to market
  2. Official Statement published
  3. Purchase & loan contracts finalized
  4. Funds transferred