Multifamily Housing Application Package and Guidelines
PHFA has developed a single application for both its Loan and Low-Income Housing Tax Credit Programs. The Multifamily Housing Program Guidelines Package includes (1) a detailed description of the Loan and Tax Credit Programs and (2) a list of exhibits that provide specific underwriting information pertaining to all applicants. 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 2008, the Agency requires
only one hard copy and an electronic version 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.
Application Instructions
Submission Requirements Tabs
General Information
Additional Submission Requirements
PennHOMES Applications
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Acquisition Notices
Displacement/Relocation Notices & Assistance Plan
Community Housing Development Organization (CHDO) Certification
Tax Credit Applications
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Attorney's Opinion for Acquisition Tax Credit
Waiver Requests
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Nonprofit Set-Aside
Supportive Housing Applications
Supportive Housing Preference
Preservation Applications
Financial Statements
Existing Financing & Regulatory Documents
Physical/Capital Needs Assessment & Energy Audit
Preservation Set–Aside Preference
Assumed Debt
Tax Exempt Volume Cap Applications
Statement of Qualification under Request for Proposals
Statement of Qualification for Tax Exempt Financing
Statement of Qualification for Tax Credits
Letter Outlining Bond Financing Strategies
Qualification of Bond Financing Team
Evidence of Bond Rating
Evidence of Bond Letter
All Applicants
Minimum Design Standards for Innovative Design
Additional Information
Special Instructions
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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