The Texas Department of Housing and Community Affairs (the “Department”) has posted to its website the 2017-1 Multifamily Direct Loan Notice of Funding Availability (NOFA).
Up to $32,549,905 in Multifamily Direct Loan funding for the development of affordable multifamily rental housing for low-income Texans is available to for-profit and nonprofit entities that meet the requirements of the NOFA.
The Department will accept applications beginning on January 9, 2017. Based on the availability of funds, applications may be accepted until 5:00pm Austin local time on August 31, 2017.
The NOFA can be found at http://www.tdhca.state.tx.us/multifamily/nofas-rules.htm or http://www.tdhca.state.tx.us/nofa.htm.
The Department has also posted to its website the 2017 Multifamily Direct Loan Rule (10 TAC Chapter 13). This rule is intended to govern the various funding sources that comprise Multifamily Direct Loan funds and enhance their effectiveness in achieving policy objectives. 10 TAC Chapter 13 can be found at http://www.tdhca.state.tx.us/multifamily/nofas-rules.htm or http://www.tdhca.state.tx.us/multifamily/home/index.htm.
Both the NOFA and 10 TAC Chapter 13 will appear in the December 30, 2016, version of the Texas Register.
Additionally, the Department has posted to its website the Revised 2016 National Housing Trust Fund Allocation Plan. This document can be found at http://www.tdhca.state.tx.us/multifamily/home/index.htm