The Authority is more competitive than traditional lenders by carrying these costs and allowing borrowers to dedicate more dollars to their projects.

Disadvantaged Funding

The Authority offers 0% interest rates to borrowers whose MHIs are less than 80% and 2% interest rates to borrowers whose MHIs are greater than 80% but less than 100% of the state’s MHI. These 0-2% loan rates are considered “disadvantaged entity funding.” PPRF disadvantaged rates are limited to $150,000 for equipment loans and $500,000 for infrastructure loans, with no single entity receiving more than $500,000 in total disadvantaged entity funding per fiscal year. Funds needed in excess of these caps are made available at the NMFA’s AAA rated municipal market interest rates.