We had hoped the 2017 QAP would be released this fall and then shortly followed by a 9% LIHTC application deadline in early 2017. Unfortunately our hopes were dashed, and furthermore, the actual date of the QAP was unknown … until November 4.Below is a notice from PHFA regarding the 2017 QAP as well as other monies that will soon be available. We could not be more excited!

Low Income Housing Tax Credit and PennHOMES Programs

Guidance and Proposed Timeline for Year 2017-2018 Funding

UPDATE – November 4, 2016

The Pennsylvania Housing Finance Agency has established the following proposed timeline for the public comment and approval of the 2017-2018 Allocation Plan for Low Income Housing Tax Credits (Tax Credits) and processing applications for Tax Credits and PennHOMES funding (available through the federal HOME Investment Partnerships Program):

Draft Allocation Plan Issued for Comment

February 9, 2017

Final Allocation Plan Approved

March 9, 2017

Multifamily Application and Guidelines Available

April 28, 2017

Pre-Application Workshop 

May 10, 2017

Intent to Submit Due Date

July 7, 2017

Application Due Date

September 8, 2017

Award of Tax Credits and PennHOMES

Spring 2018

Additionally, the Agency anticipates that 2017-2018 PHARE funds (Pennsylvania Housing Affordability and Rehabilitation Enhancement Funds) available through Act 13 of 2012 (Marcellus Shale Impact Fee), Act 58 of 2015 (Realty Transfer Tax) and the National Housing Trust Fund (HTF) will be reviewed and approved on a schedule that will coincide with the above timeline.  The Agency will issue separate guidance and application requirements for PHARE in early 2017.

PHFA strongly suggests that you visit the Agency’s website at www.phfa.org for additional program information and updates.