Private Activity Bond
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The National Low Income Housing Coalition is providing this data as a public service. NLIHC will continue to update the database. The accuracy of the data is based on information provided by the programs' administrators and user submissions.
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Private Activity Bonds are issued for rental housing development in Arizona. The bonds are issued by local industrial development authorities on behalf of local government entities. The Arizona State Department of Housing must approve each project. Affordable housing projects that utilize the bonds typically also receive 4% federal Low Income Housing Tax Credits (LIHTC). In FY12, no applications were submitted for bonds. In FY13, two projects were submitted for rehabilitation of rental units.
Funding Description:
The Bonds are issued by the State Department of Commerce. There are two bond lotteries held each year with $673,148,400 available for financing eligible projects in calendar year 2015.
Website: http://www.azcommerce.com/incentives/private-activity-bonds
Contact: Jeanne Redondo, Arizona Department of Housing, 602-771-1031, [email protected]
