Effective May 17, 2023, and until December 1, 2023, AHFA will accept Multifamily Housing Revenue Bond Applications.

The potential closing dates of pending applications may vary based on multiple factors, including readiness to close, environmental approvals, the coordination and timing of other financing sources, among other issues, AHFA will continue to accept new applications subject to the following terms and conditions:

• Current applications which meet all AHFA Bond closing requirements will be processed and closed on a first-come, first-served basis subject to AHFA requirements and available AHFA bond cap.

• All new applications submitted after May 17, 2023, will be processed on a first-come, first-served basis, subject to the available bond cap. If there is no available 2023 bond cap for the remainder of the calendar year, then all applications submitted after May 17, 2023, may be considered for the 2024 bond cap subject to availability and without guarantee.

• "First-come, first-served” for applications received after May 17, 2023, will be determined by the date on which an applicant has both (1) delivered a fully executed bond commitment agreement (which will not occur until the application, including environmental review, is deemed complete) and (2) paid the commitment fee.

AHFA makes no representations or warranties regarding the availability of a private activity bond cap for allocation pursuant to the Multifamily Tax-Exempt Bond Authority Program.

AHFA reserves the right to modify, suspend or amend this Multifamily Housing Revenue Bond Policy in any respect at any time, with or without notice, and AHFA in its sole discretion may impose additional conditions, restrictions, and requirements.

Please visit our website for details regarding the AHFA Multifamily Housing Revenue Bond Program or to sign up for future AHFA Multifamily Housing Revenue Bond notifications.