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.

2009 Multifamily Program Guidelines and General Requirements

2009 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

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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