All posts by Kaitlyn Snyder

Texas Amends 2019-1 Multifamily Direct Loan Annual NOFA and Application Log

The Texas Department of Housing and Community Affairs’ (TDHCA) Multifamily Finance Division posted an Amended 2019-1 Multifamily Direct Loan Annual Notice of Funding Availability (2019-1 NOFA) and the 2019-1 Multifamily Direct Loan NOFA Application Log.

The 2019-1 NOFA was amended to include additional funds received by the department in its 2019 National Housing Trust Fund (NHTF) Grant Agreement. The NOFA also increased the maximum funding request amount for NHTF under the Supportive Housing/Soft Repayment Set-Aside.

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New Mexico Releases Draft 2020 QAP

The New Mexico Mortgage Finance Authority (NMFA) released its 2020 Draft QAP as a clean version and a redline comparison version to the 2019 QAP. Comments can be submitted through 5:00 pm MDT on October 8, 2019.

NMFA will hold a public hearing on October 2, 2019 from 1:30 to 3:00 pm MDT in the NMFA board room at 344 Fourth St., SW Albuquerque, NM  87102 and via webcast. The webcast is for viewing only. Webcast participants will not be able to actively engage or present their oral comments while viewing the webcast.

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Maryland Holds QAP Listening Sessions

The Maryland Department of Housing and Community Development (DHCD) will hold regional listening sessions to solicit feedback on its QAP and Multifamily Rental Financing Program Guide. Following the regional listening sessions, DHCD will issue to a draft QAP and Multifamily Rental Financing Program Guide for comment during the fall. It is the Department’s goal to complete this process and adopt a new QAP and Multifamily Rental Financing Program Guide in early 2020.

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Florida Releases Revised Draft RFA 2019-115, Postpones Issuance of RFA 2019-116

The Florida Housing Finance Corporation released a revised draft of RFA 2019-115 “Housing Credit Financing for the Preservation of Existing Affordable Multifamily Housing Developments.”

Florida is also postponing the issuance of RFA 2019-116 SAIL Financing of Affordable Multifamily Housing Developments to be Used in Conjunction with Tax-Exempt Bonds and Non-Competitive Housing Credits. A workshop will be scheduled for October 8, 2019 at 10:00 am EDT.  The workshop will be held at Florida Housing’s offices located at 227 N. Bronough Street, 6th Floor Seltzer Room, Tallahassee, Florida. Interested parties may also attend via telephone. An updated tentative timeline for the issuance and associated deadlines will be published soon, along with a workshop agenda, call-in information and an updated draft of the RFA.