The Arkansas Development Finance Authority announced that it will award $104,962,000 in Federal nine percent LIHTC to ten multifamily housing developments across Arkansas. The 2025 awards are expected to generate about $84.5 million in equity from private investors and support the development of 524 affordable rental units. The approximate total development cost is $110 million.
Related Posts
North Dakota Division of Community Services Opens FY2026 Community Development Block Grant Pre-Application
The North Dakota Department of Commerce Division of Community Services (NDDCS) opened a pre-application period for the Community Development Block Grant (CDBG) FY2026 through July 24, 2026. Pre-applications must be received by 5pm CT on July 24, 2026, to be considered for funding. Pre-applications will be reviewed based on the scoring criteria outlined in the 2026 CDBG Program Distribution Statement […]
Colorado Housing and Finance Authority Multifamily Program Compliance Updates
The Colorado Housing and Finance Authority (CHFA) released updates for three multifamily program compliance policies. CHFA Multifamily Program Compliance Manual for Housing Tax Credit and CHFA Multifamily Loan Programs Updated The CHFA Multifamily Program Compliance Manual now includes updated guidance for developments with Housing Tax Credits and/or Multifamily Loan financing through CHFA. Use this version for questions regarding procedures, rules, and regulations. View a full list of all new […]
Maryland Department of Housing and Community Development Celebrates Passage of Legislation Increasing Housing Production and Affordability
The Maryland General Assembly passed the Maryland Transit and Housing Opportunity Act and the Maryland Housing Certainty Act into law in 2026, key legislation to address Maryland’s housing crisis. This new housing legislation is accompanied by a Fiscal Year 2027 budget that supports the Maryland Department of Housing and Community Development’s robust affordable housing investment and safeguards […]
Connecticut Housing Finance Agency Awards $11.5 Million in Federal Tax Credits to Develop 319 Rental Homes
The Board of Directors of the Connecticut Housing Finance Authority (CHFA) approved allocations of federal 9% Low-Income Housing Tax Credits (LIHTCs) to support the development and preservation of affordable housing in communities across Connecticut. The awards will support six developments located in Cromwell, Farmington, Hartford, Naugatuck, and New Britain, representing a combined total of 319 rental units, including 282 affordable apartments […]