The Arizona Department of Housing (ADOH) as a Collaborative Applicant and United Funding Agency for the Arizona Balance of State Continuum of Care (AZBOSCOC) announces the final funding decisions by the U.S. Department of Housing and Urban Development related to the 2022 HUD Continuum of Care NOFOS (Regular and Supplemental to Address Unsheltered and Rural Homelessness).
As a part of the regular NOFO, The Arizona Department of Housing was awarded a total of $5,360,027 for 21 renewal projects including HMIS, ADOH Planning, and ADOH UFA costs.
The Arizona Department of Housing (ADOH) received 34 applications in response to the 2023 9% LIHTC application round and 10 applications in response to the 2023 9% LIHTC Rural State Tax Credit (STC) round. Download Information Bulletin 17-23 on the Publications page for more detailed information.
Monday, March 20, 2023
2023-2024 State Housing Fund NOFA
The Arizona Department of Housing is pleased to announce our 2023–2024 State Housing Fund Notice of Funding Availability (NOFA). This NOFA includes eligibility for non-LIHTC projects, new 4% LIHTC projects, 9% LIHTC applicants in rural areas, and 9% to 4% LIHTC projects. Applicants may be eligible for up to $1,000,000 to $4,000,000 in gap financing, depending on project eligibility. A total of $14.2 million dollars will be made available through the following resources: National Housing Trust Funds and HOME Investment Partnerships Program.
We will be holding a NOFA Informational Session on Wednesday, March 22nd at 11:00 AM (MST). To view additional information, you may download Information Bulletin 16-23 on the Publications page.
Monday, March 20, 2023
Federal Fiscal Year 2023 Formula Allocations for CDBG, ESG, HOME, HOPWA, and RHP
The FFY2023 formula allocations for CDBG, ESG, HOME, HOPWA, and RHP expected to be received by the Arizona Department of Housing (ADOH) have been listed in Information Bulletin 15-23 on the Publications page along with the proposed methods of distribution. Download for more information.
Thursday, March 16, 2023
Updated Underwriting Spreadsheet & Rental Development NOFA
Updated 2022-2023 Underwriting Spreadsheet
The Arizona Department of Housing received feedback regarding the 2022-2023 Underwriting Spreadsheet and has incorporated revisions into the updated final version dated March 16, 2023.
NOFA Release and Information Session
The Rental Division will release its 2023 NOFA on March 20, 2023, and will host a NOFA Information Session on Wednesday, March 22, 2023, at 11:00 a.m.
Action Plan and WAP State Plan Hearing Announcement
The Arizona Department of Housing (ADOH) will hold a public hearing to receive input and public comment on the PY2023-2024 HUD Annual Action Plan (Action Plan), the PY2023-2024 Weatherization Assistance Program Plan (WAP Plan), the Substantial Amendment to the Recovery Housing Program Plan for FFY2022 and FFY2023 (RHP Plans) and the Substantial Amendment to the PY2021 Annual Action Plan HOME-ARP Allocation Plan (HOME-ARP Plan) on April 5, 2023, at 10:00 am. Persons interested in attending can do so either in person or virtually.
Looking back over the past six years, the Arizona Department of Housing has paid out more than $113 million in assistance from the State Housing Trust Fund (HTF) providing critical resources to assist vulnerable Arizonans to overcome their individual housing crisis.
Thursday, March 2, 2023
Low Income Housing Tax Credit Equity Pricing Survey
Per the 2022-2023 Qualified Allocation Plan, the Arizona Department of Housing (ADOH) conducted a survey of equity providers to determine appropriate investment assumptions. Based on the responses, the ranges for federal LIHTC are:
Metro $0.84 - $0.92 (any application in Maricopa or Pima County)
Rural $0.81 - $0.86 (applications in all other counties)
Tribal $0.80 - $0.85 (applications on eligible Tribal land)
State LIHTC $0.50 to $0.65 (statewide)
Submissions for the April 3rd deadline must reflect an amount of equity per LIHTC dollar based on the above.