Round 2 for Affordable Housing Gap Financing Program

MDHA is making $13,600,678.37 available in subordinate financing for Round 2 of the Affordable Housing Gap Financing (AHGF) program. Qualified for-profit and non-profit developers with “shovel-ready” projects already approved for financing or those that can’t complete construction due to a financing gap related to increased costs and/or supply chain disruptions are encouraged to apply.

Eligible projects must have received a reservation of low-income housing tax credits (LIHTC) under either the 4% or 9% programs through the Tennessee Housing Development Agency (THDA). They must also be a project with a financing gap or a project already under construction with a financing gap. The developer will need to restructure the unit mix and financing to provide a minimum of 2% of the units in the project to be leased to the intended population in accordance with the terms of this RFA.

An Addendum was issued on Sept. 6, 2023, to extend the deadlines to submit applications and questions via this Request for Applications (RFA), add two pre-application meetings during the application extension period and respond to a question received during the open application period.

The date to receive applications via this RFA is extended to 11:59 p.m. PST Nov. 30, 2023, or until all funding is exhausted, whichever comes first.  As funds are allocated, the amount of funding available will be updated in ZoomGrants. If funding is exhausted, the RFA will be closed in the ZoomGrants system.

The deadline to submit questions relating to this RFA is extended to 4 p.m. CST Nov. 20, 2023.

Additional pre-application meetings will be held on the following dates via Zoom:

• 2 p.m. CDT Tuesday, Oct. 3, 2023 – https://bit.ly/Oct3PreApp

• 2 p.m. CDT Thursday, Nov. 2, 2023 – https://bit.ly/Nov2PreApp

Four Virtual Pre-Application Meetings will be held via Zoom during the open application acceptance period:

• 2 p.m. CDT Thursday, June 1, 2023
• 2 p.m. CDT Thursday, July 6, 2023
• 2 p.m. CDT Thursday, Aug. 3, 2023
• 2 p.m. CDT Thursday, Sept. 7, 2023

Applications must be created and submitted electronically via ZoomGrants starting May 15, 2023, the opening date of the Round 2 application acceptance period, until all funds are awarded or no later than 11:59 PDT Friday, Sept. 29, 2023, the closing date of the Round 2 application acceptance period. Applicants can access the RFA by clicking Apply Now.

MDHA will accept questions submitted in writing on developer’s letterhead and properly signed until 4 p.m. CDT Wednesday, Sept. 20, 2023.

Questions can be submitted via email to purchasing@nashville-mdha.org. Responses to written inquiries will be emailed to developers recorded as having received a copy of the RFA and uploaded in ZoomGrants.

Direct all questions to:

Diane Baseheart, Contracting Agent, DBE Coordinator
Metropolitan Development and Housing Agency
712 South Sixth Street Nashville, TN 37206

Additional information on the Zoom Conferences can be accessed at the links listed below.

2 p.m. CDT Thursday, June 1, 2023 – https://bit.ly/June1PreApp

Meeting ID: 873 8659 9178
Passcode: 682452

2 p.m. CDT Thursday, July 6, 2023 – https://bit.ly/July6PreApp

Meeting ID: 839 2856 0316
Passcode: 888899

2 p.m. CDT Thursday, Aug. 3, 2023- https://bit.ly/Aug3PreApp

Meeting ID: 883 7886 8000
Passcode: 947791

2 p.m. CDT Thursday, Sept. 7, 2023 – https://bit.ly/Sept7PreApp

Meeting ID: 891 6666 2148
Passcode: 134638