THDA has authorized the allocation of Multifamily Tax-Exempt Bond Authority to local issuers for multifamily developments. Multifamily Tax-Exempt Bond Authority is available for developments that will close permanent financing by the date specified in the Commitment Letter. Initially one third of the authority will be available in each of Tennessee’s Grand Divisions. Any unused, recaptured or released amounts after the first deadline will be available first to any remaining eligible applications from that same Grand Division. If there are no remaining eligible applications from the same Grand Division, then the authority will be available to the next highest ranking application regardless of Grand Division until the end of the application submission period.
Program Updates and Announcements
All 2018 applicants will find more information on application submission on the THOMAS documents page.
Bond Issues Closed
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If you would like to receive email updates regarding new updates and announcements, sign up to be notified. You may also email Shannen Cross, or call at 615-815-2145.
If you have questions or need additional information, please contact Ed Yandell, Senior Housing Credit Advisor or call at 615-815-2142.