Virginia Housing established a schedule of application deadlines for five potential tax-exempt bond (TEB) issues for the 2022 calendar year (to the extent there is sufficient demand). In an effort to assist in planning efforts, the deadlines for submitting loan applications, including 85 percent plans are:
- Oct. 1, 2021;
- Dec. 1, 2021;
- Feb. 1, 2022;
- May 2, 2022; and
- July 1, 2022.
As a general rule, the bond inclusion deadline (the date on which Virginia Housing must be in receipt of an executed commitment, any required points and evidence of satisfaction of all pre- pricing requirements) for each series will follow the application deadline by about 120 days. A basic schedule of milestones for each series will be available at application. Please note that each application may have specific and unique requirements and deadlines based on the characteristics of the project. The Development Officer assigned to each application will provide that information.
If you have any questions, please contact Dale Wittie, director of rental housing programs at (804) 343-5876 or Dale.Wittie@VirginiaHousing.com.