Bonds:
State Bond Caps and Deadlines
2009
Listed below are the scheduled deadlines for submitting tax-exempt bond applications and related information. We will continually update this list as new information becomes available. If you would like to correct or update the information listed below please e-mail cpas@novoco.com.
| State | 2009 State Ceiling |
Multifamily/ Housing Allocation |
2009 Application Due Dates |
| Alabama | TBD |
TBD |
February 1; May 1; August 1; November 1 |
| Alaska | TBD |
TBD |
N/A |
| Arizona | TBD |
TBD |
TBD |
| Arkansas | $262,090,000 |
$26,209,000 |
Rolling |
> $3100000000 |
> $2480000000* |
December 1, 2008; January 23, 2009; March 27, 2009; May 22, 2009; July 24, 2009 |
|
| Colorado | $4,400,000 |
TBD |
October 1, 2009*** |
| Connecticut | $298,000,000 |
$26,850,000 |
Rolling |
| Delaware | $64,057,500 |
$0 |
N/A |
| District of Columbia | |||
| Florida | $370,000,000 |
TBD |
March 26, 2009, |
| Georgia | $811,000,000 |
$345,000,000* |
Rolling |
| Hawaii | Not Available |
Not Available |
Not Available |
| Idaho | $270,000,000 |
$0 |
Rolling |
| Illinois | TBD |
TBD |
Rolling |
| Indiana | $500,000,000 |
$100,000,000 |
April 10, 2009, |
| Iowa | $262,095,000 |
$7,862,850-$13,104,750 |
Rolling |
| Kansas | $273,000,000***** |
TBD |
Rolling |
| Kentucky | TBD |
TBD |
March 31, 2009, |
| Louisiana | TBD |
TBD |
N/A |
| Maine | $273,270,000 |
$20,000,000 |
Walk-in |
| Maryland | TBD |
$126,400,000* |
Rolling |
| Massachusetts | TBD |
TBD |
Rolling |
| Michigan | Not Available |
Not Available |
Not Available |
| Minnesota | TBD |
$20,000,000-$25,000,000 |
Rolling |
| Mississippi | $273,270,000 |
TBD |
December 31, 2009, |
| Missouri | $683,731,823* |
TBD |
Rolling |
| Montana | $78,428,490* |
TBD |
not later than 15 of every month |
| Nebraska | TBD |
$20,000,000 |
Not Available |
| Nevada | TBD |
TBD |
Rolling |
| New Hampshire | $270,000,000 |
$20,000,000 |
Rolling |
| New Jersey | $270,000,000 |
$50,000,000-$75,000,000 |
None |
| New Mexico | $273,270,000 |
TBD |
November 2008 |
| New York | TBD |
TBD |
March 31, 2009 |
| North Carolina | TBD |
TBD |
January 2009; July 2009 |
| North Dakota | $273,270,000 |
$0 |
N/A |
| Ohio | Not Available |
Not Available |
Not Available |
| Oklahoma | $281,000,000 |
$42,000,000* |
N/A |
| Oregon | TBD |
$125,000,000* |
Rolling |
| Pennsylvania | Not Available |
Not Available |
Not Available |
| Rhode Island | $273,270,000 |
$68,317,500 |
Rolling |
| South Carolina | $375,000,000 |
TBD |
Rolling |
| South Dakota | $273,270,000 |
$0 |
December 15, 2009, |
| Tennessee | TBD |
$150,000,000 |
Rolling |
| Texas | 3866151775** |
$454,553,391 |
Applications accepted monthly |
| Utah | $262,095,000 |
$31,451,400 |
December 8, 2008; March 2, 2009; June 1, 2009; September 7, 2009; November 2, 2009 |
| Vermont | Not Available |
Not Available |
Not Available |
| Virginia | TBD |
TBD |
Rolling |
| Virgin Islands | Not Available | Not Available | Not Available |
$550,000,000 |
$176,000,000* |
Local Housing Authorities: January 1, 2009; State: Rolling until September 11, 2009 |
|
$105,000,000 |
$0 |
N/A |
|
| Wisconsin | $247,100,000 |
TBD |
TBD |
| Wyoming | **** |
**** |
**** |
Please note this information was provided to us directly from the states and some of the information is based on estimates. As such, please consider this chart tentative and subject to change. Application deadlines should be verified with the appropriate allocating agency. We will update these figures—which are also available to you online at www.taxcredithousing.com—as more information becomes available.
TBD indicates this figure or date is still to be determined by the according state agency.
“Not available” indicates that the state agency was unable to respond to our inquiries by the time this book went to print.
*Multifamily and Single Family Allocation
**Includes additional bond authority allocated through H.R.1424
***Colorado’s Department of Local Affairs accepts applications the first of every month from February to October.
****Historically, developments using multifamily housing bonds have not been feasible in Wyoming. WCDA has awarded bonds to three projects in the last 10 years.
*****Does not include additional bond authority allocated through H.R. 1424