1. Affordable housing / 221(D)(4) lihtc pilot

2. Section 221(d)(4)/220 Pilot Western Lenders Conference
September 18-20, 2017
Elizabeth H. Arteaga
Housing Program Officer, LIHTC Program

3. Section 221(d)(4)/220 LIHTC Notice
Background: Section 223(f) Tax Credit Pilot program accomplishments.
Goal: Streamlined processing under 2 Processing Tracks
Eligible Projects: 221(d)(4)/220 NC or SR with LIHTC

4. Expedited Approval Processing
9% LIHTC; max. LTC 65%
4% or 9% LIHTC w/ Section 8; max. LTC 75%
Lender Responsibilities
HUD’s Responsibilities
Goal: close within 90 calendar days
4/15/2015
PRE-DECISIONAL, PROPRIETARY, and CONFIDENTIAL

5. Standard Approval Processing
4% or 9% LIHTC re-syndications w/o Section 8; max. LTC 75%
Lender Responsibilities
HUD’s Responsibilities
Goal: close within 120 calendar days
4/15/2015
PRE-DECISIONAL, PROPRIETARY, and CONFIDENTIAL

6. PRE-DECISIONAL, PROPRIETARY, and CONFIDENTIAL
Program Requirements
Eligibility Requirements: low risk, ‘clean’, exp. team
Non-eligible projects: longer processing times
General Application Requirements
4/15/2015
PRE-DECISIONAL, PROPRIETARY, and CONFIDENTIAL