UNIAP

UNIAP

IMPORTANT ANNOUNCEMENT REGARDING VOLUME CAP

2016 Volume Cap
The Agency encourages and continues to accept applications for multifamily developments. 2016 Volume cap will be provided to as many qualified projects as are reasonably feasible, subject to the continued availability of volume cap for these purposes.

Due to the overwhelming demand for 2016 volume cap, the initial priorities are as follows:

  1. Superstorm Sandy projects receiving Fund for the Restoration of Multifamily Housing (FRM) and/or Sandy Special Needs Housing Fund (SSNHF) funds;
  2. Non-Sandy projects that have received a commitment, or those previously scheduled to receive an Agency financing commitment; and
  3. Agency portfolio workout projects.

Based on these priorities, the Agency anticipates that the 2016 volume cap allocation may be fully exhausted. Applicants that do not meet a listed priority should be aware that the first availability for a firm commitment may be delayed until 2017.

2017 Volume Cap
The Agency is continually monitoring the utilization of volume cap and will review whether there is a need for a priority funding criteria for projects requesting volume cap for 2017 and beyond. 

  1. What is UNIAP?
  2. 2015 Tax Credit Application Updates
  3. 2015 UNIAP Documents
  4. Questions? Problems?

  1. What is UNIAP?

    UNIAP is the Unified Application for HMFA Multifamily Rental Housing Production Programs. It is the one place to go to apply for:

    1. Multifamily Financing Programs - (Three [3] complete sets required at submission)
    2. Low Income Housing Tax Credits - (Two [2] complete sets required at submission)
    3. Multifamily Preservation Lending Program
    4. Supported Housing and Special Needs Programs -  (Two [2] complete sets required at submission)

    Projects often require funding from more than one of the programs listed above. The UNIAP consolidates the application process across programs, in order to reduce the number of forms you need to fill out.

    Before Applying: Review the program information available on this website and the program guidelines within the UNIAP. Please contact the appropriate program staff, particularly if you are seeking Special Needs financing, for pre-application guidance and instructions.


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  2. 2015 Tax Credit Application Updates

    9% Application Deadlines

    • Family, Senior and Supportive Housing Cycles: Noon on July 24th, 2015
    • Mixed Income Reserve: Rolling from June 29th until 12:00 Noon on August 20th, 2015


    Any current Tax Credit owners planning to submit applications for the 2015 9% tax credit round are advised to contact their Compliance Analyst to verify there are no uncorrected noncompliance issues with current properties. Please view our Compliance Analyst list (61k PDF) for contact information.

    Underwriting Guidelines
    The underwriting guidelines shall be as follows:
     
    Equity Range: $.93 - $1.00
     
    Applicable Percentage:  7.5% for the 70% present value credit
                                            3.2% for the 30% present value credit


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  3. 2015 UNIAP Documents

    The 2015 UNIAP is now available. See below for Application, Guides and Worksheets. (You will need Microsoft Word and Excel installed on your computer to open the .doc and .xls files, respectively.)


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  4. Questions? Problems?

    Please contact the Tax Credit Division at 609-278-7629 with questions.

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