The Texas Department of Housing and Community Affairs (TDHCA) posted first amendment to the 2021-3 Multifamily Direct Loan annual Notice of Funding Availability (NOFA) and a third amendment to the 2021-1 Multifamily Direct Loan NOFA.
The 2021-3 amendment increases the funding and sources available, creates set-asides, describes circumstances under which Developments in Construction may apply for funding, and makes ancillary revisions by amending Sections 1 through 7.
The 2021-1 amendment transfers $11,000,000 in unapplied HOME funds to the 2021-3 NOFA. The remaining availability of $15,288,876 in HOME funds and $9,465,974 in the National Housing Trust Fund are made available through two set-asides for the development of affordable multifamily rental housing for low-income Texans.
