Multi-Year Affordability through Upfront Investment (MAUI) Program
Chicago Department of Housing
Chicago, Illinois
Multi-year Affordability through Upfront Investment (MAUI) supplies interest-free forgivable loans to replace up to 50 percent of a developer’s private first mortgage loan. The resulting savings are used to reduce the rents of very low-income tenants earning no more than 30 percent of the area median income.
Contact
Total Funding
$1,000,000
Funding Source
Dedicated funding stream - Other
Funding Year
2022
How Provided?
Development loans