At CHF we are most “at home” working with partners during a project’s early stages—when borrowers first kick the dirt, commission reports, develop proformas, and envision a future not yet visible. At this early stage of development, when feasibility analysis is just beginning, few other financial partners are available.
Predevelopment Loans
CHF provides funds for predevelopment costs associated with the building or rehab of multi-family and single-family rental or for-sale affordable housing. Loan amounts are capped at $750,000 (exceptions considered on a case-by-case basis)
Acquisition Loans
CHF provides funds to purchase land that will be used to develop affordable housing and/or related facilities. Improved or unimproved land to be developed as affordable housing and/or related facilities is acceptable. Loan amounts are capped at $1,000,000 (exceptions considered on a case-by-case basis).
Bridge Loans

CHF provides funds to allow organizations to complete capital campaigns/fundraising or pre-construction activities in the development of affordable housing and/or related facilities.
Loans amounts are capped at $500,000 (exceptions considered on a case-by-case basis).

General Loan Terms and Conditions


501c(3) non-profit entities (including partnerships and corporations), quasi-public entities (such as housing authorities), public entities (such as local jurisdictions), and for-profit entities.

Project Types
Affordable housing and community facilities.
Affordable housing projects must:
  1. Target at least 51% of units to households with incomes at or below 80% Area Median Income. Borrower must confirm targeting.
  2. Be formally regulated (by a state or local jurisdiction, by an instrument on title with an affordability covenant, by internal policies of the owner/operator, etc.). Borrower must be able to document regulation.
Community facilities projects must:
  1. Be located on the same property as affordable housing, or serve a majority of low-income (as defined by HUD) households and/or special needs populations.
  2. Be able to document households/populations served.
Loan Terms:
  • Location: Projects must be located in Washington County, Oregon. Projects in contiguous counties (except Multnomah County) may be considered on a case-by-case basis.
  • Interest Rate: Secured loans start at 4.5% simple interest (calculated on a 365/365 basis)
  • Term: Terms from 12 to 36 months are available and must generally to coincide with timing of take-out source (e.g., construction loan close). Exceptions considered on a case-by-case basis.
  • Payments: Deferred payments during the term of the loan – principal and accrued interest due in full at maturity. No prepayment penalties.
  • Fees: Origination Fee of 1.5% of the loan amount. Borrower is responsible for all closing costs.