Bond Financed Low Income Housing Tax Credits (4%)
The Bond Financed Low Income Housing Tax Credits (4%) program provides federal tax credits, which typically generate 30% to 40% of the total equity for new construction or rehabilitation of affordable rental housing projects. Offered by New Mexico Mortgage Finance Authority.
Key Facts
- Funder
- New Mexico Mortgage Finance Authority
- Award amount
- Not specified by funder
- Deadline
- Rolling / not specified
- Geography
- New Mexico
- Categories
- Community Development
- Status
- Open
About This Grant
The Bond Financed Low Income Housing Tax Credits (4%) program provides federal tax credits, which typically generate 30% to 40% of the total equity for new construction or rehabilitation of affordable rental housing projects. The credits are non-competitive ('as of right') when combined with Private Activity Bond financing, which must cover at least 50% of the total development costs. The resulting properties must reserve rental units for households earning no more than 60% of the Area Median...
Full requirements and application instructions: official listing.
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