State Housing Trust Fund Tribal Projects Gap Financing
Forecasted
State Housing Trust Fund Tribal Projects Gap Financing supports tribal housing projects in Arizona, funding transitional, rental, and homebuyer housing to close financing gaps and preserve long-term affordability.
Funder: Arizona Department of Housing
Due Dates (Anticipated): May 2027 (application deadline)
Funding Amounts: $5 million available in the FY2025/26 notice; up to $2.5 million per project as a performance-based forgivable loan
Summary: Gap financing supports transitional, rental, and single-family homebuyer housing projects in Arizona.
Key Information: Projects must serve households at or below 80% of area median income and remain affordable for 20 years.
Description
The Arizona Department of Housing (ADOH) administers this State Housing Trust Fund program to fill financing gaps in tribal housing projects, including shortfalls caused by increased costs. It supports new construction and the acquisition and rehabilitation of transitional housing, rental housing, and single-family homebuyer housing in Arizona. Financing may be used for acquisition, construction, rehabilitation, or permanent financing tied to eligible projects.
ADOH gives first priority to transitional housing, especially projects acquiring and rehabilitating units. Rental housing follows, then single-family homebuyer housing. Transitional housing may serve veterans, domestic violence survivors, people with substance abuse disorder, families experiencing homelessness, and youth. Projects are reviewed for financial viability.
