Our Specialty –
Financing for Low Income Housing Tax Credit Projects
|
Horizon Bank has been
providing various financing products for the development of Low
Income Housing Tax Credit Projects (LIHTC) since 1992. This
niche financing has not only given us the opportunity to provide
housing for over 5,604 units in 200 projects during the past 16
years, but has allowed us to become experts in all types of
financing needed for these projects. It has also helped us
maintain an “Outstanding” CRA rating consistently since 1994.
Our relatively small size allows for exceptional service and
quick decisions; our association with a network of banks allows
us to provide loans of any size.
Our loans and services for LIHTC projects have been provided in
Nebraska, Kansas, Iowa, Colorado and Oklahoma. We have excellent
relationships in these states to assist in all parts of the
LIHTC financing. We have provided financing for family, elderly,
special needs and assisted living projects. |
We are confident we can offer you a very competitive package
which will save costs and allow more funds to go into the
housing projects. We can be flexible and creative to adapt our
financing to your needs. And we make all of our decisions
quickly and respond almost immediately to your requests. And
finally, with our relationship with the Midwest Housing Equity
Group and their affiliates and our ability to do a complete
financing package, you have a convenience of a one stop shop
which simplifies your documentation requests and lowers your
overall costs.
Please call our main bank location (402.786.2555) and ask for a
low income housing tax credit specialist to assist you with any
of these products and to explore your financing needs to provide
affordable housing for those special people with this need. |
|
Return to the Top |
|
Return to the Services Page |
Our Products and Services:
|
Construction
Financing
– Our loans have very competitive rates and
exceptional service for timely advances.
|
|
Return to the Top |
First Mortgage Term
Loan financing – These
loans are matched with loans from the CHP and CHP+ programs
offered by the Federal Home Loan Bank which allows us to tailor
the loan to meet your exact needs in your cash flow for the
project at a low, fixed interest rate.
|
|
Return to the Top |
Affordable
Housing Program (AHP) loans
– We will be your member bank on AHP loans as a member of the
Federal Home Loan Bank located in Topeka, Kansas.
|
|
Return to the Top |
Tax Abatement
Financing – We will
work with you on a tax abatement or tax increment financing (TIF)
loan if it is available for your project.
|
|
Return to the Top |
Bridge Lender for
the Midwest Housing Equity Group
– Horizon Bank has been the bridge lender for the Midwest
Housing Equity Group in all of their funds in Nebraska, Kansas,
Iowa and now in Oklahoma. We also have a consulting relationship
with the Mountain Plains Equity Group in Montana, Wyoming and
North Dakota.
|
|
Return to the Top |
Account
Relationships – For any
account directly related to a low income tax credit project we
offer a special Money Market Account. This account is a tiered
account paying a higher rate than our regular Money Market
Accounts. The rate is variable and adjusted as rates move in the
market place. All limitations of money market accounts apply to
this account.
|
|
Return to the Top |
Direct Deposit and
Automatic Payments – We
offer direct deposit for any of your accounts and encourage
automatic payments for any of your loans.
|
|
Return to the Top |
|
Return to the Services Page |
