Tax Exempt Bonds

NH&RA News

NH&RA Hosts ICAST IRA & BIL Instant Benefit Estimate Calculator

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

QAP Arizona

Arizona Finance Authority Names Former ADOH Staffer Executive Director

Former Arizona Department of Housing (ADOH) staff member Dirk Swift has been named Executive Director of the Arizona Finance Authority (AFA). The AFA is a one-stop shop for financing, supporting businesses and communities’ infrastructure needs. Several bodies authorized to issue bonds are located within the AFA, including the Arizona Industrial Development Authority (AzIDA), Water Infrastructure […]

NH&RA News

Housing Bonds Set New Record in 2017, According to CDFA Report

WASHINGTON–Sept. 20, 2018–Combined tax-exempt private activity bond (PAB) issuance for multifamily and single-family housing set a record in 2017, according to a report issued today by the Council of Development Finance Agencies (CDFA).

QAP Kentucky

Kentucky Enhances Developer Fee for Bond Transactions

Kentucky Housing Corporation (KHC) has updated its 2019 – 2020 Multifamily Program Guidelines to state that the developer fee on Tax-Exempt Bond projects may not exceed 20 percent of the total development cost, minus the following deductions: Developer fee Consultant fee Any fees resembling developer or consultant fees Acquisition costs (related-party transfers only) KHC has […]

QAP Kentucky

Kentucky Makes $14.2 Million in Funds Available for 2019 Tax Exempt Bonds, Responses Due Sept. 27

Through this NOFA, KHC is making available a combined total of $14.2 million of KHC’s Equity Bridge Loan (EBL), HOME Investment Partnerships Program (HOME), Affordable Housing Trust Fund (AHTF), and National Housing Trust Fund (NHTF) funds.

QAP Kansas

Kansas Announces Housing Trust Funds for 4% / Bond and Standalone Projects

The amount requested is not limited. However, proposals will be reviewed for cost reasonableness, the need for gap funding, and other underwriting and subsidy layering criteria. The application deadline is October 17.

QAP California

California Launches Joint TCAC-CDLAC Application for 4%/Bond Projects

The joint application allows a single application to be submitted to both CDLAC and TCAC simultaneously through CDLAC’s online application webpage.


IRS Reduces Small State Minimums for LIHTCs and PABs

The adjustment leaves per-capita amounts unchanged for LIHTCs and PABs. However, the LIHTC small state minimum was reduced by $5,000 while the small state minimum for PABs was reduced by $665,000.


Leaked White House Infrastructure Document Proposes Changes to Private Activity Bonds

Earlier this week, several news agencies reported on a leaked infrastructure plan from the White House. One of President Trump’s campaign promises was to create a program to invest $1 trillion in infrastructure over ten years. Housing advocates may be disappointed to learn that affordable housing is not specifically mentioned in the leaked document. However, […]


Novogradac & Company Provides Analysis of Jobs Lost Due to Affordable Housing Provisions in House Tax Reform Legislation

Novogradac & Company has expanded its recent analysis of the  currently drafted H.R. 1, the Tax Cuts and Jobs Act, which would reduce the future supply of affordable rental housing by nearly 1 million rental homes, a loss of as much as two-thirds current affordable rental housing production. That significant reduction in housing production would also […]


New Analysis Estimates Repeal of PABs Would Reduce Affordable Housing Production by 75,000 Units Annually

A new analysis conducted by the law firm Norris George & Ostrow, PLLC and shared with a number of Senators and Congressional Representatives finds that the elimination of Private Activity Bonds (PABs) proposed in HR 1 would reduce affordable housing production by as much as 75,000 units per year or about 60% of the nation’s annual affordable housing production. 


House Tax Reform Bill Eliminates HTC, NMTC; Eliminates Private Activity Bonds

The House Ways and Means Committee has released the full text of its Tax Cuts and Jobs Act. The Committee plans to begin markup on the proposed legislation on November 6, with plans for a House floor vote sometime in mid-November. Several changes within the code would drastically change the landscape of affordable housing and community development.

QAP Tennessee

Tennessee Issues Memo Regarding 2017 Volume Cap Availability

The Tennessee Housing Development Agency has published a memo regarding its remaining $26,900,000 of uncommitted Multifamily Bond Volume Cap.  THDA will be accepting applications for this remaining balance for one day only, on Friday, November 3, 2017.  Click here to learn more.  

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