Apartment owners and multi-family developers:

Do you have water damage, mold, or do you just want to improve the value of your property?

You can use these funds to make your apartments safer and more comfortable or accommodate disabilities.

Unsecured Loans for improving your rental properties

SEER (Sustainable, Energy Efficient, Resilient) loans help landlords upgrade properties to offer more competitive units with lower energy costs for tenants and improved health and safety.  SEER improvements help landlords preserve properties and stabilize renter turnover, resulting in safer and more stable communities.

Landlords use SEER financing to:
Avoid upfront costs of improvements
Address deferred maintenance
Stabilize tenancies

Loan Amount:
Up to $25,000/unit

Interest Rate:
Starting at 7% fixed

Loan Terms:
Up to 10 years

ELIGIBILITY
Borrower must be the owner of the rental property
Borrower must prove ability to repay
Property taxes must be current

Loan Amount:
$25,000-$2,000,000

The SAGE Homes Loan Program includes below-market-rate, flexible loans for small to mid-size affordable and workforce housing developments (including mixed-use developments).

Loans can be used for:
Green Pre-Development
Gap funding
Equity type investment options
Credit enhancement options

For-profit and non-profit multifamily residential properties with 5-25 residential units

Properties must be inclusive and affordable with a minimum of 30% for LMI residents low-to-moderate income (LMI) residents defined as households earning 30-140% of the Average Median Income

Non-profit entities must have proof of tax-exempt status

Must provide proof of ability to meet a minimum 1.25 debt service coverage ratio

Property must be located in SELF’s Geographic footprint *

Get Started

1. Calculate the approximate cost of your cabinets per unit here. This quote will be the total price for cabinets, countertops, and installation, plus demolition if you need it.

2. Fill out our form below and hit “Next”.

3. We will contact you immediately, or feel free to call us at 409-454=8500

Certifiications

City of Houston - WBE, MBE, DBE, SBE, Section 3, Hire Houston First
State of Texas - HUB, SBE
Port Houston - WBE, MBE, SBE
METRO - SBE
SAM.GOV – WBE, EDWOSB, MBE, SDB, HABE
SBA - HUBZone
HMSDC/NMSDC - WBE, MBE, HUB