Community Development RFP, RFQ and NOFA


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NOFA- Notice to Low Income Housing Tax Credit (LIHTC) Developers

The announcements below represent various funding opportunities available with City of Raleigh Housing and Neighborhoods Department. All RFQs, RFPs and NOFAs are sent out via email notice as well.  If you would like to receive these notifications, visit the MyRaleigh Subscriptions page to sign up to receive notifications from Community Development News.

NOFA- Notice to Low Income Housing Tax Credit (LIHTC) Developers

The City of Raleigh is seeking to increase the supply of affordable rental housing for its low-to moderate-income residents. To help achieve that objective, funds are available on a competitive basis in the form of gap financing for both 9% tax credit and 4% tax credit projects. Proposed projects must comply with the City’s Affordable Housing Location Policy. It is now also required that 10% of units in 4% bond deals requesting City funding target 30% of Area Median Income and 25% of units in 9% tax credit developments target 30% Area Median Income. 

In some instances, assistance may be available from the City to write down site acquisition costs in priority locations. Given funding limitations, prospective developers are encouraged to consult with City staff prior to application submittal.

Applications requesting assistance from the City for 9% and first round of 4% bond deal projects will be due by Feb. 12, 2021. Applications for other 4% tax-exempt bond deal projects will be accepted anytime before October 1, 2021 with the specific due date to be announced later by NCHFA. Application guidelines and instructions are set forth within the Request for Proposals attached below.

Questions or comments regarding this notice should be directed to Aimee Holtsclaw  at 919-996-6948.

Contact

 

City of Raleigh
Housing and Neighborhoods Department
421 Fayetteville Street, 
Suite 1200, 12th Floor
Raleigh, NC 27601
919-996-4330

Lead Department:
Housing and Neighborhoods
Service Categories:
Community and Economic Development

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