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Streamlined Rental Housing Resource Coordination for NIFA and NDED

The NIFA/NDED Rental Housing Resource Coordination initiative aims to enhance the efficiency of application and allocation processes for rental housing funds. By coordinating application timing, compressing the application-to-award timeline to 90 days, and implementing joint workshops and processes, the program seeks to improve transparency and user-friendliness. Proposed outcomes include a single application for LIHTC projects, uniform underwriting guidelines, and readiness for the construction season. Collaboration with other resource providers and coordinated compliance efforts will further strengthen this initiative.

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Streamlined Rental Housing Resource Coordination for NIFA and NDED

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  1. NIFA / NDED Rental Housing Resource Coordination

  2. NIFA / NDEDRental Housing Resource Coordination MACRO VISION • User-Friendly • Program Transparency • Best in the Nation

  3. NIFA / NDEDRental Housing Resource Coordination Goal: Coordinate and streamline application and allocation process for NIFA & NDED rental housing funds. • Coordinate Timing of Application Rounds • Compress Timing from Application to Award • Joint Application Workshops • Joint Application Process • Simultaneous Award of Resources

  4. NIFA / NDEDRental Housing Resource Coordination Proposed Outcomes: • Single Application for LIHTC Projects with NDED Funds. • Uniform Underwriting Guidelines • Application to Award Process - 90 Days. • Ready for Construction Season

  5. NIFA / NDEDRental Housing Resource Coordination Proposed Timeline for 2005-2006 Season

  6. NIFA / NDEDRental Housing Resource Coordination Proposed Next Steps: • Coordinate Construction Review Process • Coordinate Compliance Efforts • Coordinate with Other Resource Providers • Coordinate & Combine Documentation

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