Eligible projects:
- For existing properties or land to develop affordable housing
- Located within the city of Durham
- Plan to create or preserve affordable units for rent
Benefits of the Durham Affordable Housing Loan Fund:
- Enables acquisition of properties in a competitive market
- Allows time to secure construction/rehabilitation financing and permanent financing
- Provides financing for 100% of acquisition costs
- Access to in-house legal
- Pre-underwriting available to expedite the closing for future acquisition
DAHLF is available for both multifamily and single-family developments
Durham Bridge Financing
Bridge Financing for Affordable Housing
- Term: Up to five years
- Amounts: $200,000 to $2,500,000
- 3.4% fixed rate throughout term
Program Partners
