1 / 7

2012 Arizona Housing Forum

2012 Arizona Housing Forum. Arizona Housing Finance Authority. Established by the State Legislature in 2002 Established to serve the 13 “rural” Counties Can issue tax-exempt bonds and mortgage credit certificates for first time homebuyers Can issue tax-exempt bonds for multi-family projects.

mort
Download Presentation

2012 Arizona Housing Forum

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 2012 Arizona Housing Forum

  2. Arizona Housing Finance Authority Established by the State Legislature in 2002 Established to serve the 13 “rural” Counties Can issue tax-exempt bonds and mortgage credit certificates for first time homebuyers Can issue tax-exempt bonds for multi-family projects

  3. Mortgage Revenue Bond ProductionDollar Amount of Loans

  4. Mortgage Credit Certificate ProductionDollar Amount of Loans

  5. Current Single Family Program • Funds remaining in New Issue Bond Program • 3.99% Rate • 5% Downpayment/Closing Cost Assistance • FHA, VA and USDA RD loans

  6. Multi-family Bonds • AzHFA acts as conduit issuer • 4% tax credits available • Various qualification restrictions on project • Difficult to make work economically in rural communities • Have only done a handful of multi-family issues

  7. Future Single Family Programs • Currently researching potential new programs • Possible daily pricing model • Plan to offer downpayment assistance • May combine with Mortgage Credit Certificates

More Related