The Arizona Department of Housing is pleased to announce a 2021 – 2022 State Housing Fund Notice of Funding Availability (NOFA). Projects financed with 4% Low Income Housing Tax Credits will be eligible for up to $2,000,000 in gap financing from the State Housing Fund. See Information Bulletin 25-21 on the Publication Archives page for more information.
ADOH ANNOUNCES 2021-2022 STATE HOUSING FUND NOFA
ADOH WILL HOLD A VIRTUAL PUBLIC HEARING - STATE LOW INCOME HOUSING TAX CREDIT
The Arizona Department of Housing (“ADOH”) will hold a virtual Public Hearing to solicit comments on ADOH’s administration and implementation of the State Low Income Housing Tax Credit on Thursday, July 29th, 2021 from 10:00 am to 11:00 am. See Information Bulletin 24-21 on the Publication Archives page for more information.
THE ARIZONA HEALTH IMPROVEMENT PLAN (AZHIP) HAS BEEN PUBLISHED...
The development of the new plan has taken place over the past year and reflects the commitment to improving public health of public health professionals, advocates and community stakeholders at the state, county and community levels. The AzHIP was informed by data in the Arizona State Health Assessment and is a plan for the entire state. Download the 2021-2025 Arizona Health Improvement Plan.
2021 LIHTC AWARDS ANNOUNCED & 2022 QAP COMMENT PERIOD OPENS
The Arizona Department of Housing (“the Department”) is pleased to announce that it has reserved $22,706,337 in federal tax credits for fourteen projects comprised of 1,068 units in the 2021 Low Income Housing Tax Credit round.
Please download the Information Bulletin 22-21 on the Publication Archives for more information.
ARIZONA ANNOUNCES $8 MILLION DEPOSIT TO THE HOUSING TRUST FUND
PHOENIX – Governor Doug Ducey today announced a transfer of $8 million from the Arizona Industrial Development Authority’s Fiscal Year 2021 single family mortgage balance to the Arizona Department of Housing.
The funds will go directly into the Arizona Housing Trust Fund, pursuant to state law.
“I am pleased to see that we have added more resources to the Housing Trust Fund, which provides the Arizona Department of Housing its most flexible source of funding to combat homelessness and housing instability in Arizona,” said Governor Ducey. “Since the Arizona Industrial Development Authority’s first year of operation in Fiscal Year 2017, transfers to the Housing Trust Fund total over $39 million.”
These Housing Trust Fund dollars, totaling $8,001,948.04, may be utilized for affordable housing development, as well as housing assistance programs or activities where minimal federal resources exist, such as rapid rehousing, transitional housing and funding for homeless shelters.
“We look forward to leveraging these resources with public and private dollars to maximize their impact on critical housing needs in Arizona,” said Arizona Department of Housing Director Tom Simplot.
Pursuant to A.R.S. §35-751(C), at the end of the fiscal year the Arizona Industrial Development Authority is required to transfer all unencumbered moneys in excess of its operating costs generated after August 6, 2016 from single family mortgage programs that were in existence before August 6, 2016 to the housing trust fund established by A.R.S. §41-3955.
HOME, STATE HTF, CDBG, HOPWA, NSP PROGRAM INCOME & RENT LIMITS
The 2021 income and rent limits for Home Investment Partnership Program (HOME), State Housing Trust Fund (HTF), Community Development Block Grant (CDBG), Housing Opportunities for Persons with Aids (HOPWA) and Neighborhood Stabilization Program (NSP) are available for download.
Please download the Information Bulletin 18-21 on the Publication Archives page for additional information.
NOTICE OF LIHTC PROPERTY SEEKING A QUALIFIED CONTRACT - SOMBRA APARTMENTS
The Arizona Department of Housing (ADOH) is providing notice of an LIHTC property seeking a Qualified Contract, as noted in the previous Information Bulletin No. 03-21 dated January 15, 2021 (03-21 Bulletin), for acquisition from a buyer(s) who will continue to operate the property as affordable through the extended use period in accordance with the Land Use Restriction Agreement and Section 42 of the Internal Revenue Code.
Sombra Apartments, Glendale, AZ, a 264 unit, multi-family property, with 264 rent restricted LIHTC units, developed in 2005.
Download Information Bulletin 16-21 on the Publication Archives page for more information.
NOTICE OF LIHTC PROPERTY SEEKING A QUALIFIED CONTRACT - WILLCOX TOWNHOMES
The Arizona Department of Housing (ADOH) is providing notice of an LIHTC property seeking a Qualified Contract for acquisition from a buyer(s) who will continue to operate the property as affordable through the extended use period in accordance with the Land Use Restriction Agreement and Section 42 of the Internal Revenue Code.
Willcox Townhomes, a 40 unit multi-family property, with 36 rent restricted LIHTC units, developed in 2006.
Download Information Bulletin 17-21 on the Publication Archives page for more information.
NATIONAL HOUSING TRUST FUND (NHTF) INCOME & RENT LIMITS
The 2021 income and rent limits for the National Housing Trust Fund (NHTF) are available for download. Download Information Bulletin 15-21 on the Publication Archives page for more information.
2021 HOME HOMEOWNERSHIP 95% VALUE LIMITS
On May 4, 2021, HUD issued new HOME Investment Partnerships Program (HOME) and Housing Trust Fund (HTF) Homeownership Value Limits ("95% limits") for 2021 that are effective June 1, 2021. Download Information Bulletin 14-21 on the Publication Archives page for more information.
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