Affordable Housing Banking

At Dime Commercial Bank, we recognize that accessible housing is foundational to thriving neighborhoods. Whether building subsidized developments through Low-Income Housing Tax Credits (LIHTC) or delivering attainable workforce housing for essential middle-income workers, Dime provides the capital, market insight, and responsive local decision-making developers and sponsors need at every stage of the project lifecycle.

What We Offer at Dime

We pair specialized lending with full-service commercial banking and treasury management to provide end-to-end support under one roof:

Construction Financing: Short-term facilities structured for ground-up construction, substantial rehabilitation, and site development.
Permanent Financing: Long-term, amortizing fixed-rate loans designed for stabilized properties.
Bridge & Equity Bridge Financing: Short- to medium-term capital bridging gaps between equity pay-ins, tax-exempt bond issuances, subsidies, or stabilization.
Acquisition & Rehabilitation Loans: Capital to acquire, reposition, and preserve affordability restrictions or execute value-add upgrades.

Tax-Exempt Bond Financing Support: Direct purchase or credit enhancement options for 4% bond-financed transactions.
Working Capital & Operating Lines: Liquidity to support developer sponsor pipelines and ongoing property operations.
Comprehensive Commercial Banking:
- Treasury Management Solutions: Automated payables/receivables, wire services, positive pay fraud protection, and liquidity management.
- Commercial Checking: Flexible operating accounts built for property managers and development entities.

Core Lending Platforms

Low-Income Housing Tax Credit (LIHTC) Financing

LIHTC financing is an effective mechanism for developing and preserving affordable rental housing. Dime’s specialized platform helps developers, owners, and tax credit investors bring high-impact communities to fruition through layered capital structures.

Specialized Transaction Expertise:
- 4% and 9% LIHTC transactions
- Multifamily affordable housing developments & supportive housing
- Preservation and rehabilitation of existing affordable assets (NOAH)
- Mixed-income communities and public-private partnerships (P3s)
- State and local housing finance agency programs (including FHLBNY AHP)
Layered Capital Stack Coordination: We coordinate with tax credit syndicators, housing authorities, and public agencies to structure financing involving LIHTC equity, tax-exempt bonds, conventional debt, subordinate soft debt, municipal/state subsidies, and grant funding.

2. Workforce Housing Lending

Financing high-quality rental housing for the individuals and families who power our local economies—including healthcare workers, educators, first responders, municipal employees, and skilled trades. Our platform supports housing attainable for middle-income households earning up to 120% of the Area Median Income (AMI) who may not qualify for traditional subsidies but are priced out of market-rate developments.

Focus Areas & Project Types:
- Ground-up multifamily workforce housing developments
- Strategic acquisitions and value-add rehabilitation opportunities
- Preservation of existing workforce and naturally affordable housing stock
- Mixed-income developments integrating workforce units alongside market-rate housing
- Public-private partnership initiatives

Why Partner with Dime?

Comparison of equipment financing models, ideal uses, and key features.
Feature	The Dime Advantage
Dedicated Housing Specialists	An experienced team with specialized knowledge in affordable housing regulations, LIHTC compliance, and workforce housing market dynamics.
Flexible Capital Structures	Custom-tailored facilities spanning acquisition, construction, bridge, and permanent takeout financing.
Local Credit & Agile Execution	Direct access to decision-makers and regional credit committees rooted in our local markets, ensuring swift turnaround and reliable closings.
Layered Stack Underwriting	Proven track record coordinating with public agencies, CDFIs, tax credit investors, and municipal partners.
Full-Service Commercial Banking	Seamless integration of escrow services, specialized tenant security deposit accounts, commercial checking, and treasury solutions.

Start Your Next Housing Development with Dime

Whether you are breaking ground on a new LIHTC community, acquiring an existing workforce multifamily property, or restructuring long-term debt, our dedicated Affordable Housing Banking team is ready to help structure your capital stack.