2026-2027 National Housing Trust Fund
Forecasted
The 2026-2027 National Housing Trust Fund supports Arizona affordable rental housing developers with gap financing for construction or rehabilitation, creating homes for households with very low incomes.
Funder: Arizona Department of Housing
Due Dates (Anticipated): April 2027 (9% LIHTC application) | May 2027 (NHTF application)
Funding Amounts: $8 million available; up to $3 million per project as a 20–30-year loan
Summary: Gap financing for Arizona affordable rental housing projects awarded 9% Low-Income Housing Tax Credits.
Key Information: Projects must receive a 9% LIHTC allocation to receive NHTF gap financing.
Description
The Arizona Department of Housing (ADOH) administers this National Housing Trust Fund (NHTF) opportunity alongside its 9% Low-Income Housing Tax Credit (LIHTC) round. It provides gap financing for affordable rental housing in Arizona, supporting new construction or the acquisition and rehabilitation of existing properties. NHTF-assisted units must be set aside for households at or below 30% of area median income.
ADOH gives first priority to new construction in the rural category, followed by new construction in the metro category and then the tribal set-aside. NHTF can cover reasonable construction costs or acquisition and rehabilitation costs. ADOH may also authorize an operating deficit reserve for assisted units.
