The 2018 QAP Public Hearing will be held at NCHFA’s office on Thursday, September 14, 2017 at 2pm. An audio-only webinar will be offered as an alternative to attending the hearing. Anyone using the webinar will be able to participate just as those in attendance. Webinar information and NCHFA’s address are below.
Webinar Information
Registration is available now. After registering, you will receive a confirmation email with details for joining the audio-only webinar.
NCHFA Address
3508 Bush Street
Raleigh, NC 27609
— August 2, 2017 –
North Carolina Housing Finance Agency recently released a first draft of its 2018 QAP. The Agency asks interested parties top please submit comments by September 1, 2017 to rentalhelp@nchfa.com.
Changes include:
- Rehab Set-Aside: Awards from this set-aside are limited to one per principal.
- Award Limit Reduction: The Principal Maximum has been reduced to $1.6 million, while the per project maximum has been reduced to $900,000
- Agency Designated Boost: This boost has been reinstated for new construction projects committed to deeper income targeting
- Site Score Criteria:
- Distance for maximum amenity points for Small Town has been reduced to 1.5 miles
- Negative points will be assessed for sites deemed inappropriate for housing
- Rehab Project Criteria: Minimum increased to $25,000 per unit
- Operating Reserve for Bond Projects: Bond projects would be required to have an operating reserve equal to 6 months debt service and operating expenses.
