The Texas Department of Housing and Community Affairs’ (TDHCA) Multifamily Finance division has posted an updated Amended 2020-1 Multifamily Direct Loan Annual Notice of Funding Availability (2020-1 NOFA) to its website at http://www.tdhca.state.tx.us/multifamily/nofas-rules.htm and http://www.tdhca.state.tx.us/nofa.htm.
The Amended 2020-1 NOFA includes the Fifth Amendment approved by the TDHCA Governing Board on July 23, 2020. The Fifth Amendment adds $16,956,117.20 in National Housing Trust Fund (NHTF) to the soft repayment set-aside for eligible activities and extends the application submission deadline to October 12, 2020.
There is $14,509,857 in NHTF still available under the soft repayment set-aside statewide on a first-come, first-served basis through September 10, 2020. Applications received from September 11, 2020, through October 12, 2020, under the soft repayment set-aside will be able to access $14,956,117.20 in Program Year 2020 NHTF, and will be subject to the Regional Allocation Formula in Attachment B of the 2020-1 NOFA as a result.
There is $13,846,168 in HOME funds available under the general set-aside statewide on a first-come, first-served basis through October 12, 2020.
Additionally, an updated 2020-1 NOFA Application Log has been posted to TDHCA’s website at https://www.tdhca.state.tx.us/multifamily/home/index.htm.
If you have questions about the 2020-1 NOFA, please contact TDHCA Multifamily Direct Loan Program Administrator Andrew Sinnott at email@example.com or 512-475-0538.