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 pab2017@chfainfo.com, CHFA has posted an FAQ dated November 14, 2017 at www.chfainfo.com/pab2017.

Please continue to direct questions to pab2017@chfainfo.com. We are monitoring information received through this email and will publish further information as appropriate.

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