Supporting the development of long-term affordability through creative financing

Fairview is addressing the growing need for affordable housing in communities across the country through the creation of a loan product that provides amplifier funds to accompany AHP or similar awards for the benefit of tax credit developments. When facilitated by Fairview, granted funds are eligible for a match of up to 10%.

 

Benefits of partnering with Fairview:

• AHP application coaching

• Potential tax advantaged nonprofit GP partnership

• Resident services intermediary

• Access to amplifier funds

• Flexible loan structure

• Industry standardized terms

Loan Program Details

LOAN AMPLIFIER AMOUNT

Up to 10%. Max of $500,000


TERM

Match to first mortgage


AMPLIFIER RATE (November 2024)

LT AFR + 4% Investor Spread


USES

Available for all tax credit syndicated deals; both 9% and 4% transactions


ISSUANCE COST

Flat $5,000 or 1.5% fee per transaction


AMPLIFIER REPAYMENT

Amortized P&I from cash flow


POSITION

Subordinate to first mortgage


LOAN AMPLIFIER AMOUNT

Up to 10%. Max of $500,000


TERM

Match to first mortgage


AMPLIFIER RATE (November 2024)

LT AFR + 4% Investor Spread


USES

Available for all tax credit syndicated deals; both 9% and 4% transactions


ISSUANCE COST

Flat $5,000 or 1.5% fee per transaction


AMPLIFIER REPAYMENT

Amortized P&I from cash flow


POSITION

Subordinate to first mortgage


Contact:

Thom Amdur
Executive Director

Thom is a nationally recognized leader in affordable housing and community development policy. Prior to joining Fairview Housing Partners, he served as President of the National Housing & Rehabilitation Association (NH&RA), where he received the NHP Foundation’s Affordable Housing Advocacy Award in 2018.

Thom serves on the Board of Directors of numerous community development organizations including the Affordable Housing Tax Credit Coalition and the International Center for Appropriate and Sustainable Technology. He is an advisory board member and peer reviewer for the Stewards of Affordable Housing for the Future’s Certified Organization for Resident Engagement and Services (CORES) Certification and serves on the Washington Metro Region advisory board for the Equitable Development Initiative.

Justin Walker
Deputy Director

Justin is a nationally recognized speaker and author with twenty years of experience in business development, including more than a decade in the affordable housing sector. Previously, Justin served as the Director of Business Development at Credit & Homeownership Empowerment Services, Inc. (CHES, Inc.), a nonprofit dedicated to expanding access to home ownership, and as the National Director for Business Development and Media at Rainbow Housing Assistance Corporation. He holds an MBA and dual B.A.s in Political Science and Communication from Regis University.