Notice of Funding Availability/ Housing Trust Fund 2018 Cycle (NOFA)

The PUERTO RICO HOUSING FINANCE AUTHORITY (Authority), announces a Notice of Funding Availability/ Housing Trust Fund 2018 Cycle (NOFA) for assistance under these programs for construction and rehabilitation of rental housing:

 

ANNEXES:

Annex Notice-CPD-16-14 Requirements for HTF Environmental Provisions

Annex – Rent Limits State PR 2017

Annex – Comparison Chart HTF vs HOME

Annex – Point Ranking HTF 2018

Annex – Area Definition

NOFA seeks to leverage diverse funds, with criteria that will result in allocating multiple financing sources to projects that meet the State Housing Plan priorities.

Total estimated annual:

2016:   $294,767.00

2017:  $706,528.00

 

The NOFA is released pursuant to the Authority’s 2016-2017 Housing Trust Fund (HTF) Action Plan. It is consistent with the funding priorities therein established. Developers and investors are invited to participate and provide direly needed rental housing to low-income families in Puerto Rico.

NOFA HTF – QUESTIONS & ANSWERS

 

For projects previously approved by LIHTC and/or HOME Funds, please access the following link for easy reference:  Low Income Housing Tax Credit – QAP NOFA 2016

Any applicant interested in requesting the HTF funds will register and request an application number from the PRHFA at 606 Barbosa Ave Juan C. Cordero Building Rio Piedras 3rd floor reception.  Applications packages will be available from April 12, 2018 until April 20, 2018 from 8:15am until 4:15pm. The written request will include the names of the applicant and the project. A payment of $100 (only manager’s checks and money orders) is due at registry. Registration is required in order to submit an application under this NOFA.  Proposals will only be accepted in digital media (CD or DVD format) and the format specified In the Application Package. Completed proposals must be delivered at the PRHFA’s reception desk on or before April 30, 2018.  No applications will be accepted after the submission deadline.

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