Tax-exempt municipal bonds carry a much lower interest rate than conventional bank financing bonds and can be used to finance multifamily rental housing, as long as the project meets various state and Federal requirements.

Contact Rubin & Hays to discuss whether your multifamily housing project can utilize tax-exempt municipal bonds as part of its financing package. Federal and state law provide incentives to the renovation and construction of qualified residential rental projects, though these incentives come with restrictions on how bond proceeds can be used. Qualified residential rental projects have rules regarding project uses, tenant income levels, and ongoing compliance.