But, one thing they won't result in is lots of what people often refer to as "affordable" housing - these projects are still expensive to build, and they still need market per sf rent rates in excess of current market product to make financial sense. 

Kudos to @Mike Cumbie for figuring that out if that is indeed what the op means because it didn't make any sense to me at all.

If you head over to the Loans, Mortgages, Credit line forums here in Bigger Pockets, you will likely get a lot of help in various products available.

I bank with a smaller, local bank and they quoted me at 4.5% with my credit on a secondary residence.

There is a lot better product online now so property isn't worth as much.Real estate is dynamic, so what didn't work before can work now, and vice versa.

If they want to go over allowance have them pay for difference with cash deposited in escrow and non refundable, released upon that product being purchased.

Bad for Permanent loans.So depending on what you are trying to do with the money will affect what the right product to get would be.  

@Aaron Froggatt  if you know the product you need but just need it in a specific state try posting in that state forum.

@Mercy Postema if you know the product you need but just need it in a specific state try posting in that state forum.

A lot of local banks and CUs have those products.