2021 9% Ten Percent Test Submission Extension and Second Round 9% LIHTC Adjustments – Hardship Credit Process
2021 9% LIHTC Ten Percent Test Submission Extension
The Arizona Department of Housing (ADOH) hereby notifies all 2021 9% LIHTC awardees that the Ten Percent Test submission date is formally extended to August 31, 2022.
Second Round 9% LIHTC Adjustments – Hardship Credit Process
Per the 2022-2023 Qualified Allocation Plan (QAP), ADOH has set aside 9% LIHTCs for projects with severe hardships. ADOH will be holding a second hardship credit round in the amount of $500,000 of 2023 hardship credit allocation.
Download Information Bulletin 46-22 on the Publications page for more information.
GOVERNOR SIGNS HB2610 PAVING WAY FOR MORE AFFORDABLE HOUSING
Arizona Governor Doug Ducey this week signed HB2610 into law removing the arbitrary cap on the size of affordable housing apartment communities constructed by non-profits wanting to qualify for a property tax exemption. The new law encourages more construction of larger affordable apartment communities across the state that rent solely to income-eligible tenants.
Download Press Release for more information.
ADOH is providing notice of LIHTC Property posting updates to the Qualified Contract List
Download Information Bulletin 45-22 on the Publications page for more information.
ADOH will hold a virtual HOME-ARP Application workshop
ADOH will hold a virtual HOME-ARP Application workshop on Friday, June 17, 2022 from 9:00 AM to 12:30 PM followed by a question-andanswer session from 12:45 PM to 1:45 PM. Download Information Bulletin 44-22 on the Publications page for more information.
ADOH is pleased to announce our SFRF-ARP Preservation NOFA
The Arizona Department of Housing is pleased to announce our SFRF-ARP Preservation Notice of Funding Availability (NOFA). This NOFA will provide $10 million for the preservation of existing affordable housing projects. Download Information Bulletin 43-22 on the Publications page for more information.
2022 LIHTC and STC Awards Announced
The Arizona Department of Housing (“the Department”) is pleased to announce that it has reserved $30,051,332 in federal tax credits and $2,000,000 in state tax credits for sixteen (16) projects comprised of 1,142 units in the 2022 Low Income Housing Tax Credit round. Download Information Bulletin 41-22 on the Publications page for more information.
STATE SETS RECORD FOR AFFORDABLE HOUSING TAX CREDIT AWARD DOLLARS
ADOH today announced it has awarded $30.1 million in federal 9% Low-Income Housing Tax Credits (LIHTC) to 16 affordable housing projects, including 7 in rural communities. The all-time record amount comes after a reengineered process of awarding tax credits and implementation of the new State Tax Credit program. Read Press Release 06-01-2022: STATE SETS RECORD FOR AFFORDABLE HOUSING TAX CREDIT AWARD DOLLARS for more information.
HOME-ARP Notice of Funding Available – Non-congregate Shelter, Rental Housing, Supportive Services, and Nonprofit Operating/Capacity Building Assistance
ADOH has posted the HOME-ARP Notice of Funding Available, HOME-ARP Program Summary, and HOME-ARP Underwriting Guidelines. Download the Information Bulletin 40-22 on the Publications page for more information.
The 2022 income and rent limits for HOME, State HTF, and NSP are available for download
Download the Information Bulletin 39-22 on the Publications page for more information.
The 2022 income and rent limits for the NHTF are available for download
Download the Information Bulletin 38-22 on the Publications page for more information.
