For developers
Multifamily Interest Rates
Construction and permanent loan rates for CHFA multifamily financing.
Set August 26, 2026 at 9:00 am. Rates are indications only, are subject to change, and must be verified at the time of rate lock.
| Loan type | Term | Rate |
|---|---|---|
| Construction Loan | 2 Years (Tax Exempt) | 5.370% |
| Permanent Loan | 30/30 (Tax Exempt) | 5.850% |
| Permanent Loan | 35/35 (Tax Exempt) | 5.950% |
| Permanent Loan | 40/40 (Tax Exempt) | 6.060% |
| Permanent Loan | 30/30 (Taxable) | 6.660% |
About these rates
Published rates are indications. CHFA financing commitments, once approved by the Board of Directors, carry a maximum “not-to-exceed” rate that stays valid for up to nine months from the adopted Loan Resolution.
Tax-exempt bonds are subject to availability. For the TETOP financing product, loan pricing is forward in nature, so underwriting rates come from CHFA staff rather than from this table. Call 860-721-9501.
Program parameters and fees
The rates above sit inside a wider set of program parameters, fees, and design and construction criteria that govern a CHFA multifamily deal.