Multi-Family Development
Forecasted
Multi-Family Development supports housing developers with financing for new and rehabilitated rental housing, helping provide safe, affordable homes for low-income households across Wyoming.
Funder: Wyoming Community Development Authority
Due Dates (Anticipated): August 2027 (4% Bond applications) | August 2027 (Letter of Intent) | September 2027 (Full application)
Funding Amounts: FY 2027 round: approximately $8.1 million HOME, $3.6 million NHTF, and $4.6 million LIHTC
Summary: Financing for new construction and rehabilitation of affordable rental housing throughout Wyoming through HOME, NHTF, and housing tax credits.
Key Information: Projects must meet income and rent restrictions and long-term affordability requirements.
Description
The Wyoming Community Development Authority (WCDA) administers Multi-Family Development financing through the HOME Investment Partnerships Program, National Housing Trust Fund (NHTF), and Low-Income Housing Tax Credit (LIHTC) program. These programs support safe, sanitary, affordable housing across Wyoming, including new rental construction, acquisition and rehabilitation, conversion, and reconstruction.
HOME traditionally provides gap financing as long-term, low-interest debt, while LIHTC provides development equity through credit syndication. NHTF supports rental housing for extremely low-income households. WCDA uses state and local Consolidated Plans to identify housing priorities. Its allocation principles include fair geographic distribution, responsibility to low-income households, efficient use of resources, and sustaining long-term partnerships.
