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:
- conduit transactions utilizing new tax-exempt
bonds that are able to close on the bonds into escrow before December 31,
- 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)
- 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
firstname.lastname@example.org, CHFA has posted an FAQ dated November 14, 2017 at
Please continue to direct questions to email@example.com. We are monitoring information received through this email and will publish further information as appropriate.