Eligible lenders include lenders who are active in Fannie Mae, Freddie Mac, Ginnie Mae, HUD, Federal Home Loan Bank members, State or local housing finance agencies or other lenders who demonstrate the ability to originate and service multi-family housing loans. To apply for eligibility, lenders must submit documentation to the National Office in Washington DC. Eligible borrowers include most state and local governmental entities, Nonprofit organizations, For-profit organizations, including LLC’s and Federally-recognized Tribes. Rent for individual units is capped at 30% of 115% area median income. Average rent for an entire project (including tenant paid utilities) cannot exceed 30% of 100% of area medium income, adjusted for family size. Complexes must consist of at least five units. Complexes may contain units that are detached, semi-detached, row houses or multi-family structures.