The Pennsylvania Housing Finance Agency recently released a draft 2019 QAP and is hosting a Public Hearing to obtain comment.

Changes to the QAP include:

  • Agency would reserve the right to limit General Partners to 4 applications (p. 2)
  • Right to reject applications if Applicant has a delinquency, default, or noncompliance related to an Agency funded development (p. 3)
  • Preservation: Tax Credits will be reserved for at least 4 preservation properties in the aggregate between the 2 pools (50% urban, 50% rural) (p. 6)
  • Agency has discretion to allocate additional credits to a project not to exceed 5% of the initial reservation to support financial feasibility (p. 8)
  • Minimum point threshold is 110 points (p. 8)
  • Mixed-Income Housing for Preservation and New Construction: market rate units must demonstrate a financial benefit to the development for scoring purposes (p. 24, 26)
  • Development Team experience points: a maximum of 20 points awarded for number of similar developments completed in the past with points awarded for experienced developer, architect, general contractor, attorney, and management agent (p.30)
  • Complete Application Package Points: 5 points may be awarded for submitting a complete application with all required exhibits (p. 33)

Public Hearing and How to Submit Written Comment
WHEN: Thursday, April 5, 2018 at 9:30 a.m.
WHERE:   Pennsylvania Housing Finance Agency
211 North Front Street
Harrisburg, PA

RSVP: If you plan to attend the public hearing, please contact the Agency at 717.780.3860.

If you are a person with a disability and wish to attend this meeting and require an auxiliary aid, service or other accommodation to participate, please contact the Agency by Wednesday, April 4, 2018 to discuss how the Pennsylvania Housing Finance Agency may best accommodate your needs.

Written Comments may be submitted by April 4, 2018 to:
Manager, Tax Credit Program Pennsylvania Housing Finance Agency
P.O. Box 8029
Harrisburg, Pennsylvania 17105-8029