The Multifamily Revenue Bond Program (MRB) provides below market rate financing to developers to build or rehabilitate affordable rental housing. Federal, state and local legislation authorizes issuance of mortgage revenue bonds by the Sacramento Housing and Redevelopment Agency to finance the development, acquisition and rehabilitation of affordable multifamily rental projects.
The interest on the bonds is exempt from federal and state taxation.
SHRA has developed a Multifamily Revenue Bond Manual which is intended to assist borrowers, compliance officers, property managers, and resident managers in complying with the requirements and reporting procedures of the Multifamily Revenue Bond Program.
The Agency provides below market rate financing to borrowers for new construction or rehabilitation activities. Each funding program may vary in their assistance level (i.e., extremely-low, very-low, low and/or moderate) and unit set-aside requirements, including the number of affordable housing units that are financed in each project.
The compliance reporting and monitoring requirements are detailed in the manual below.
Multifamily Housing Program Compliance and Monitoring Requirements Manual
Forms and Reports
Unit Status Report, Eff. 3-1-2013 (Excel)
Agency Income Calculation Sheet (Excel) Eff. 3-1-2013