Skip to main content
Arizona Department of Housing Logo
Leading with Solutions

OUR OFFICE IS CURRENTLY UNDER CONSTRUCTION AND OFFICE HOURS MAY BE AFFECTED.
APPOINTMENTS ARE REQUIRED.

Documents

  • Home
  • About
    • About ADOH
    • DIRECTOR'S OFFICE
    • Application Funding
    • Consolidated Planning Process
    • Press Releases
    • Public Records Requests
    • Procurement
    • Fraud Alert
    • Job Opportunities
    • Join Mailing List
    • Contact Us
  • General Public
    • Search for Affordable Housing in Arizona
    • Homeless Assistance Agencies
    • Arizona Foreclosure Help Line
    • Weatherization Assistance Program
    • Fair Housing
    • Landlord and Tenant Act
    • AZ Housing Finance Authority
    • Programs for Homebuyers
    • Loan Servicing
    • Special Needs Assistance
    • Federal Agencies and Programs
  • Manufactured Housing & Building
  • Housing Partners
    • Arizona Public Housing Authority - Sec. 8
    • Community Development & Revitalization
    • CHDO
    • Rental Development
    • Rental Compliance
    • Rental Asset Management
    • Homeless / Special Needs
  • Documents & Links
    • Publications
    • Handbooks
    • Forms
    • Links
    • Housing Invoices
  • Training & Events
    • Calendar
    • 2022 Housing Hero Awards
    • 2022 LIHTC Compliance Virtual Workshop #2
    • 2022 LIHTC Compliance Virtual Workshop #3
    • 2022 HOME Compliance Virtual Workshop
    • Save the Date - Arizona Housing Forum
    • Brian Mickelsen Award Recipients
    • 2021 Arizona Housing Forum Photos and Presentations
  • Online Services
  • Portals
    • ADOH Payment Portal
    • ADOH Document Upload Portals
  • Español
    • Información General
    • Programas y Servicios
    • Ayuda Hipotecaria para Propietarios Afectados por el Coronavirus

Rental Development

The Department provides a variety of funding sources to eligible non-profit and for-profit housing developers to assist with the development of affordable rental properties. Sources of funding include:

Low-Income Housing Tax Credits

The Low Income Housing Tax Credit (LIHTC) was created to promote the development of affordable rental housing for low income individuals and families. To date, it has been the most successful rental housing production program in Arizona, creating thousands of residences with very affordable rents. Visit Low Income Housing Tax Credit (LIHTC) page for more information.

Private Activity Bonds and 501(c)(3) Bonds

Private Activity Bonds may be used for the development of rental housing in Arizona. The Arizona Finance Authority is responsible for allocating the State ceiling for Private Activity Bonds. Bonds must be issued by an Industrial Development Authority (IDA). The Arizona IDA issues bonds statewide. Local IDAs throughout the state also issue bonds for projects in their service areas. IRC Section 42(h)(4) allows low-income housing projects financed with tax-exempt bonds to be eligible for 4% tax credits if they meet the minimum requirements and adhere to regulations set forth in the Qualified Allocation Plan (QAP). Applicants should consult their legal advisors to determine a project's eligibility. Applications are accepted on a rolling basis. All applications submitted will be reviewed by ADOH for eligibility for the 4% tax credit. A bond hearing will be scheduled in accordance with A.R.S. 35-726(E), where required by law.

501(c)(3) bonds are private activity bonds issued to finance a facility owned and utilized by a 501(c)(3) organization. These bonds are not eligible for low-income tax credits.

For a list of applications received, visit the program's Forms page.

State Housing Fund Program

ADOH combines Federal HOME and National Housing Trust Fund (NHTF) resources from the U.S. Department of Housing and Urban Development (HUD) with state resources from the State Housing Trust Fund (HTF) into a single housing program called the State Housing Fund (SHF). These funds are made available for the development of affordable permanent and transitional rental housing units.

Funds from the State Housing Fund are loaned either 1) as ADOH GAP Financing for tax credit developers or 2) upon an award pursuant to a Notice of Funding Availability (NOFA). Properties must comply with long-term rent and income restrictions.

Visit State Housing Fund (SHF) Rental Development Programs for more information.

State Housing Funds - Gap Financing NOFA

SHF - GAP Financing NOFA Image

State Low Income Housing Tax Credits

State Low Income Housing Tax Credits Image

Bonds Forms

LIHTC Forms

State Housing Fund Forms

Supportive Housing Forms

Helpful Links

PUBLICATIONS
HANDBOOKS
RENTAL DEVELOPMENT DOCUMENT UPLOAD PORTAL
LOW INCOME HOUSING TAX CREDIT (LIHTC) PROGRAM
STATE HOUSING FUND (SHF) RENTAL DEVELOPMENT PROGRAMS
ARIZONA FINANCE AUTHORITY
ARIZONA IDA
Arizona State Seal
CONTACT US
Arizona Department of Housing
1110 W. Washington #280
Phoenix, AZ 85007
TTY: 602.771.1001
Find in Google Maps
Phone: 602.771.1000
Fax: 602.771.1002
Map Image

Footer Utility

  • State Policies
  • Site Map
  • Agency Policies