Multifamily Housing Application Package and Guidelines

Visit the Multifamily Application Online Submission Website.

PHFA has developed a single application for both its Loan and Low-Income Housing Tax Credit Programs. It is important that an Applicant reads and understands how these guidelines and exhibits impact their application.

The Agency will underwrite the development based upon amounts set forth in the syndicator's letter and may establish minimum gross equity pay-in standards during processing. Applicants will be notified regarding any equity adjustments during processing.

Multifamily Program Guidelines and General Requirements

Multifamily Application and Instructions

All applications are required to be submitted with attachments or supporting documentation. These requirements are explained in the Multifamily Housing Application Instructions. Please note that for 2016, the Agency requires only one hard copy and an electronic submission of the application. Any material deficiency in the application, particularly the omission of documentation relating to the site, a market study/needs assessment, and verification of funding sources may result in the immediate rejection of the application. Furthermore, the final ranking score, as determined by the Agency, is based only upon the information contained in the initial application.

Submission Requirements

Fillable Submission Documents

General Information

TAB 00: Underwriting Application
TAB 01: Development Synopsis and Intent to Submit a Tax Credit Application
TAB 02: Multifamily Housing Core Underwriting Application & Operating Budget
TAB 03: Tax Credit and PennHOMES Selection Criteria
TAB 04: Market Study/Housing Needs Assessment and Rent Comparability Study
TAB 05: Schematic Plans / Scope of Work
TAB 06: Evidence of Site Control
TAB 07: Appraisals
TAB 08: Architect's Certifications
TAB 09: Community & Economic Impact / Community Revitalization Plan
TAB 10: SHPO & Historic Preservation Documentation
TAB 11: Supportive Services
TAB 12: Affordable and/or Accessible Unit Certification of Selection Criteria
TAB 13: Commitment to Offer Homeownership
TAB 14: Public Housing Authority Notification
TAB 15: Rent Roll/Displacement of Existing Tenants
TAB 16: Development Team Experience
TAB 17: Phase 1 Environmental Review / Environmental Test Results
TAB 18: Developments with Commercial Space - Commercial Income and Cost
TAB 19: Utility Information
TAB 20: Certification of Subsidies
TAB 21: Construction Financing and/or Permanent Financing Letters of Intent
TAB 22: Bridge Loan Financing
TAB 23: Syndication Information
TAB 24: Development Cost Savings

Additional Submission Requirements

PennHOMES Applications

Tax Credit Applications

TAB 28: Attorney's Opinion for Acquisition Tax Credit
TAB 29: Waiver Requests
TAB 30: Nonprofit Set-Aside

Supportive Housing Applications

TAB 31: Supportive Housing Set-Aside

Preservation Applications

TAB 32: Financial Statements
TAB 33: Existing Financing & Regulatory Documents
TAB 34: Project Capital Needs Assessment & Energy Audit
TAB 35: Preservation Set-Aside Preference
TAB 36: Assumed Debt

Tax Exempt Volume Cap Applications

TAB 37: Statement of Qualification under Request for Proposals
TAB 38: Statement of Qualification for Tax Exempt Financing
TAB 39: Statement of Qualification for Tax Credits
TAB 40: Letter Outlining Bond Financing Strategies
TAB 41: Qualification of Bond Financing Team
TAB 42: Evidence of Bond Rating
TAB 43: Evidence of Bond Letter from Issuing Agency Requesting 42(m) Review

All Applicants

TAB 44: Minimum Design Standards for Innovative Design
TAB 45: Additional Information Requirements

Special Instructions

X: Submission Requirements for Additional Tax Credit Applications

The Multifamily Housing Application is the “form” portion of the application that is used for all rental housing programs. The application must be completed in its entirety and additional schedules, lists, or attachments may be provided, as required.

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