9% LIHTC/AHTC COMPETITIVE APPLICATION DATES

In order for a development to be considered for competitive 9% LIHTCs, the developer must complete an application and submit it to NIFA, along with the application fee by no later than 5:00 pm CST on the applicable due date.  Tentative application dates for 2021 are:

Round 1:

  • Threshold Applications Due: December 7, 2020
  • Full Application Deadline: February 1, 2021
  • Reservations Issued: March 19, 2021 (tentative)

Round 2*:

  • Threshold Applications Due: April 12, 2021
  • Full Application Deadline: May 17, 2021
  • Reservations Issued: June 18, 2021
  • Approximate amount of tax credits reserved: Balance of LIHTC

*Please note: The Nebraska Department of Economic Development will not be participating in the 2nd application cycle of the Low-Income Housing Tax Credit program for the 2020 Program Year, as the agency has insufficient HOME Investment Partnerships Fund program funds ($272,916) and National Housing Trust Funds ($24,195) available.  The minimal remaining 2020 Program Year funds will be carried over into the 2021 Program Year.  In addition, funding through the Community Development Block Grant Disaster Recovery program is not yet available.  The Department will notify our customers once the Disaster Recovery Plan has been approved by the Department of Housing and Urban Development and we are able to entertain applications through the program.

4% LIHTC/AHTC/ BOND COMPETITIVE APPLICATION DATES

Applicants must complete and submit the pre-application, full application and application fees by the required due dates as outlined in the 4% Qualified Allocation Plan in order to be considered for competitive 4% LIHTCs, AHTCs and Bonds. Tentative application dates for 2021 are:

Round 1:

  • Pre-Applications Due: February 12, 2021
  • Full Application Deadline: March 19, 2021
  • Board Update: April 16, 2021

4% LIHTC and BOND  APPLICATION DATES

Applicants must complete and submit the pre-application, full application and application fees by the required due dates as outlined in the 4% Qualified Allocation Plan in order to be considered for competitive 4% LIHTCs and Bonds.  Tentative application dates for 2021 are:

Round 1:

  • Pre-Applications Due: March 26, 2021
  • Full Application Deadline: April 30, 2021
  • Board Update: June 18, 2021

Round 2:

  • Pre-Applications Due: May 21, 2021
  • Full Application Deadline: June 25, 2021
  • Board Update: August 20, 2021

Round 3:

  • Due to strong demand for the Private Activity Volume Cap, which has significantly depleted availability, NIFA will not hold a third round of the 4% LIHTC/Tax Exempt Bond cycle. Rather, in an effort to accelerate the 2022 4% LIHTC/Tax Exempt bond cycle, NIFA will endeavor to begin the first round of the 2022 cycle in late 2021.

CRANE Application Process

The CRANE Program utilizes a three-tier process.  Potential CRANE Program applicants must first submit an email to NIFA with a brief description of the development that includes how the development is CRANE eligible.  Upon review by NIFA, potential CRANE Program Eligible Applicants will be invited to submit a CRANE Application and all required supporting information via the online funding application system, along with a nonrefundable CRANE Application Fee of $500 which must be received in NIFA’s office at the time the CRANE Application is submitted to NIFA. NIFA will notify the applicant if they are CRANE eligible and if the CRANE Application has satisfied all the requirements under the CRANE Program, at which time the eligible applicant must submit a completed LIHTC Application via the online funding application system and the LIHTC Application fee must be received in NIFA’s office on or prior to the time periods specified by NIFA (as outlined in the LIHTC Allocation Plan for 9% LIHTCs and AHTCs).  

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