Bid Description
RI Housing and Mortgage Finance Corporation
Bid Number:Development of Affordable Homes 2025
| Description |
| RIHousing is pleased to announce the opening of a competitive funding round for multiple sources of financing for the following programs:
1. 2025 9% Low Income Housing Tax Credits (“LIHTC”)
2. Tax-exempt bond financing
3. Housing Production Fund
4. HOME Investment Partnerships Program
5. Housing Trust Fund
6. HOME-ARP
7. DAH-2 Program
8. Capital Magnet Fund
9. Middle Income Loan Program
10. State LIHTC
Program Descriptions or Term Sheets (with scoring criteria as applicable) for each subordinate funding source are included on the RFP site.
Funding awards may be subject to appropriation and are conditioned upon funding availability.
RIHousing has adopted a universal application that consolidates the request for multiple financing sources. While program priorities are similar, scoring and program requirements may differ. It is incumbent upon applicants to familiarize themselves with the various sources and identify the funding source or combination of sources that best meet the needs of their proposal.
Applicants seeking capital for construction or preservation must submit applications through the RIHousing Consolidated Application system. https://osa.rihousing.com/signin?ReturnUrl=%2Fprojects
The 2025 Developer’s Handbook, the guide to underwriting multifamily transactions including but not limited to underwriting guidelines, design and construction standards, term sheets, the 2025 QAP and the required proforma model are available on our website at https://www.rihousing.com/developers-handbook/. |
