The Flexible Financing for Capital Costs (FFCC) loan works in tandem with LMIR loans and Housing Infrastructure Bond (HIB) loans. FFCC loans are typically structured as deferred loans at low or no interest and used: 1) As a mechanism to reduce the overall interest rate to the development when structured in conjunction with a LMIR loan; or, 2) To fund costs not otherwise funded under the HIB proceeds when structured in conjunction with an HIB loan.
No other eligibility requirements
Does not coordinate with other systems
Very low-income households (income less than 50% AMI)