CHFA eNews: Tax Credit
chfa enews - tax credit 
November 14, 2017

FAQ Released in Follow Up to PAB Notices Published

In response to the House Republican Tax Cuts and Jobs Act H.R. 1 released on November 2, 2017, CHFA has published information to assist multifamily transactions that may fall into one of the following three categories:
  1. conduit transactions utilizing new tax-exempt bonds that are able to close on the bonds into escrow before December 31, 2017
  2. transactions utilizing new tax-exempt bonds that cannot close on the bonds into escrow prior to December 31, 2017 (which may be able to be assisted through CHFA’s 4% FHA Risk Share loan program)
  3. transactions with outstanding tax-exempt bonds that have not fully drawn down all bond proceeds.

On Monday, November 13, 2017 CHFA held a call for developers their lenders, investors, and counsel to review this information. In response to questions received on the call and via, CHFA has posted an FAQ dated November 14, 2017 at

Please continue to direct questions to We are monitoring information received through this email and will publish further information as appropriate.

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