ADOH NOFO – FY24 State Housing Fund

by | Nov 8, 2023 | In the News

The Arizona Department of Housing (ADOH) is pleased to announce a FY2024 State Housing Trust Fund Notice of Funding Availability (NOFA). Projects not awarded in the 2023 LIHTC round that are converting from 9% to 4% LIHTC projects and Projects financed with 4% Low Income Housing Tax Credits (“LIHTC”) will be eligible for gap financing from the State Housing Trust Fund. The available resources under this NOFA include $35 million dollars in State Housing Trust Funds (SHTF).

The FY2024 SHTF NOFA can be accessed from ADOH’s website using the following link: https://housing.az.gov/documents-links/open-funding-opportunities

Application Deadline and Eligible Award Amount
Project Type Application Deadline Amount of Gap the Project is Eligible For
4% LIHTC Projects previously submitted in the 2023 9% LIHTC round November 28, 2023 Up to $5,000,000
4% Projects without prior ADOH gap financing December 12, 2023 Up to $4,000,000
4% LIHTC Projects seeking additional gap financing for cost overruns December 19, 2023 Up to a maximum of $4,000,000 in total gap financing from all ADOH NOFAs
ADOH will host a NOFA Informational session on Friday, November 3rd from 2:00 PM – 3:00 PM.

Please use the following link to register for this event: https://us02web.zoom.us/meeting/register/tZUoceCorz8jE9M3Evf5EU7YR0NokzoGseM3

For questions related to this NOFA, please contact:

Melanie Brewer, Rental Programs Administrator

melanie.brewer@azhousing.gov or 602.771.1031