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Rental Developers sectionRental Developers

What we offer

Housing 400 Initiative

Does my project qualify?

Qualified Allocation Plan (QAP)

Fair Housing Act self-evaluation

Housing Credit application process

Tax-exempt bond process

Timelines & events

Income limits

Development portfolio

Housing NC Awards

Understanding Section 3

TCAP/Exchange Programs

Owners & ManagersOwners / Managers

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Resources

2009 Housing Credit Awards

Draft 2010 QAP

Final TCAP Criteria

Revised Exchange Criteria

Final Cost Certification Form

10% Cost Certification Form

Planning an Opening


Tax-Exempt Bond Process

The North Carolina Housing Finance Agency will be accepting applications for 2010 tax-exempt bond volume and 4% tax credits. Both new construction and rehabilitation projects will be eligible. Proposals for 9% tax credits will not be accepted.

Applications are submitted through our online housing tax credit application. You will also need to submit a paper application with signature and required exhibits, but the online application provides interactive checks that help ensure that you meet all submission requirements. If you have a user ID and password from the previous application cycle, you can use that user ID to access the system and create new applications. Otherwise, you will need to create a new user ID and password before creating applications.

The schedule for the applications is as follows:

July 10

Deadline for submission of preliminary applications (12:00 noon)

 

 

September 11

Notification of final site scores and initial evaluation of rehabilitation projects

 

 

October 9

Deadline for full applications (12:00 noon)

 

 

January 2010

Notification of bond volume awards (estimated)

All proposals must comply with the 2009 Qualified Allocation Plan. Please review the QAP and all appendices prior to submitting an application.

       For Your First Home:

4.95%

for a 30-year, fixed-rate mortgage (90-day lock in) without NCHFA downpayment assistance.


More Interest Rates...

       What's New @ NCHFA

Housing NC Award Winners Announced
Five affordable housing developments received Housing North Carolina Awards on Nov. 3 during the N.C. Affordable Housing Conference at the Raleigh Convention Center.
Learn More...

Help Purchasing Foreclosed Properties

NC Receives $95 Million for Affordable Apartments

Home Protection Program Could Save Your Home

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North Carolina Housing Finance Agency   |   3508 Bush Street   |   Raleigh, NC 27609   |   919-877-5700  |   terms of use/privacy