Housing Financing Guidelines

TRF’s Housing Group provides financing for predevelopment, acquisition, and construction of mission-related housing development in Pennsylvania, New Jersey, Delaware, Maryland and the District of Columbia. Eligible borrowers include non-profit and for profit entities of all sizes. TRF finances rehabilitation and new construction for both homeownership and rental purposes. Eligible projects include: subsidized affordable housing, mixed income housing, mixed-use projects with residential as the primary use, and market rate housing that is part of a defined strategy to revitalize a community.

TRF will underwrite and structure loans based on a borrower’s financial condition, development experience, the availability of collateral, and the ability to repay. Projects must meet threshold feasibility to be considered for financing which includes adequate cost projections and proposed sources, demonstration of how proposed rents and sales prices are supported in the market and the capacity of the development team to successfully complete the project. View a financing guidelines matrix that provides general outline; but terms may vary according to specific projects and borrower circumstances.

To apply, please visit the Resource Center to download an application and instructions. Questions may be addressed via email at housing@trfund.com or by calling 215.574.5856.