The Texas Department of Housing and Community Affairs (TDHCA) posted a list of 2021 nine percent LIHTC Applications that are eligible for an award of tax credits for the 2021 program year. Developers with an appealable interest as a result of changes to the Application List posted on the TDHCA website, should submit a written appeal to the Department by close of business on June 30, 2021, to allow the matter to be considered by the executive director and potentially presented to the Governing Board at the meeting scheduled for July 8, 2021.
Applications are organized by best possible score and tiebreakers, and applications selecting the at-risk/USDA set-asides are listed first and are organized by best possible score and tiebreakers rather than by region and subregion. The data was compiled using information submitted by each applicant and errors may be present. As applications are reviewed by staff, the data will be confirmed. Revised logs will be posted subsequent to completion of staff application reviews, as well as at various times during the review cycle. Those reviewing the log are advised to use caution in reaching any definitive conclusions based on this information alone. Applicants are encouraged to review 10 TAC Sections 11.1(b) and 10.2(b) concerning Due Diligence and Applicant Responsibility.
Applicants who identify an error in any posted document should contact TDHCA competitive housing tax credit program administrator Alena R. Morgan at 512-936-7834 or alena.morgan@tdhca.state.tx.us, as soon as possible. Identification of an error early does not guarantee that the error can be addressed administratively.
TDHCA also posted the 2021-3 Multifamily Direct Loan Annual Notice of Funding Availability (NOFA). $37.6 million from the National Housing Trust Fund (NHTF) is available for the development of affordable multifamily rental housing for low-income Texans. Applicants must have received a Low Income Housing Tax Credit allocation in 2020 to be eligible to apply under the 2021-3 NOFA. The amount of funding that may be requested is limited to: the documented increase in Building Costs from the previous application, within the limitations of 10 TAC Section 13.3(e) related to Ineligible Costs; the documented costs of compliance with Housing Trust Fund regulations; and the documented costs of compliance with the Uniform Relocation Act, to the extent not previously applicable to the transaction. Applications will be accepted on a rolling basis through October 5, 2021, if sufficient funds remain. Funding is subject to the Regional Allocation Formula included in the NOFA until July 20, 2021.
TDHCA amended its 2021-1 Multifamily Direct Loan Annual NOFA to add acquisition and acquisition with rehabilitation as eligible activities under the NHTF.
