4% LIHTC and Private Activity Bond NOFA Release (NOFA #2023-7)
Dear Partners,
We are pleased to announce the release the affordable rental housing 2023 4% Federal Low Income Housing Tax Credit (LIHTC) and Private Activity Bond (PAB) – Notice of Funding Availability (NOFA). The NOFA will include instructions on how to apply for available resources.
4% LIHTC Funding (NOFA #2023-7) includes the ability to leverage:
Private Activity Bonds (PAB)
Oregon Affordable Housing Tax Credits (OAHTC)
Please note for Award Order 1, Public Housing Agency projects are required to submit all application materials listed in section 3 of the NOFA, even if soliciting their own PAB authority directly from the Private Activity Bond Committee.
Projects with reserved OHCS funding are welcome to submit updated application materials listed in section 3 of the NOFA consistent with the requirements but are not required to do so. Application materials already provided to the department will be used to complete the application review.
