2020 State Bond Caps and Deadlines

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 [email protected].

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Alabama

Estimated State Cap
$330,000,000
Multifamily Allocation
Determined by amount requested
2020 App Deadline
Rolling basis
Allocation Process
First come, first served

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Arizona

Estimated State Cap
$764, 265,285
Multifamily Allocation
$114,639,792.75
2020 App Deadline
First quarter allocations expire 03/31/2020 then all cap is pooled for any purpose until 12/16/2020 then carryforward.
Allocation Process
First come, first served

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Arkansas

Estimated State Cap
$32,177,500
Multifamily Allocation
$32,177,500
2020 App Deadline
Rolling basis
Allocation Process
Allcoated by statute to categories until Sept. then first-come, first served.

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Colorado

Estimated State Cap
$290,333,640
Multifamily Allocation
TBD
2020 App Deadline
Second Round: Aug. 3, 2020
Allocation Process
Competitive and non-competitive

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Delaware

Estimated State Cap
$79,200,000
Multifamily Allocation
$22,000,000
2020 App Deadline
None
Allocation Process
By executive order of the Governor

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Florida

Estimated State Cap
$539,415,596
Multifamily Allocation
$300,000
2020 App Deadline
Deadline for competitive and rolling basis
Allocation Process
Competitive and first come, first served

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Hawaii

Estimated State Cap
$321,775,000
Multifamily Allocation
$0 Cap allocated upon request to Dept of B&F
2020 App Deadline
Rolling basis
Allocation Process
First come, first served

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Idaho

Estimated State Cap
$184,800,000
Multifamily Allocation
As much as needed
2020 App Deadline
Rolling basis
Allocation Process
As requested based on need

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Illinois

Estimated State Cap
$593,901,030
Multifamily Allocation
$100,000,000
2020 App Deadline
Quarterly
Allocation Process
First come, first served

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Indiana

Estimated State Cap
$141,376,599
Multifamily Allocation
$21,935,241
2020 App Deadline
Rolling basis
Allocation Process
First come, first served

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Iowa

Estimated State Cap
$331,395,225
Multifamily Allocation
$28,000,000
2020 App Deadline
Rolling basis
Allocation Process
Competitive point system

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Kansas

Estimated State Cap
$321,775,000
Multifamily Allocation
Unknown
2020 App Deadline
Rolling basis
Allocation Process
First-come, first-served

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Kentucky

Estimated State Cap
$140,731,700
Multifamily Allocation
TBD
2020 App Deadline
August 15, 2020
Allocation Process
Determined by Commonwealth's staturory process

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Maine

Estimated State Cap
$318,000,000
Multifamily Allocation
$50,000,000
2020 App Deadline
NA
Allocation Process
First-come, first-served & competitive

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Maryland

Estimated State Cap
$1,430,100,000
Multifamily Allocation
$461,300,000
2020 App Deadline
NA
Allocation Process
First-come, first-served

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Minnesota

Estimated State Cap
$591,000,000
Multifamily Allocation
$122,060,000
2020 App Deadline
Every Monday January-June & every other Monday July-November
Allocation Process
Based on project priorities

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Missouri

Estimated State Cap
$644,429,940
Multifamily Allocation
TBD
2020 App Deadline
NA
Allocation Process
TBD

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Montana

Estimated State Cap
$321,775
Multifamily Allocation
$191,015
2020 App Deadline
Rolling basis
Allocation Process
First-come, first-served

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Nevada

Estimated State Cap
$323,416,380
Multifamily Allocation
NA
2020 App Deadline
September 1, 2020
Allocation Process
50% to local jurisdiciton & 50% to the department of business and industry

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New Hampshire

Estimated State Cap
$360,887,500
Multifamily Allocation
NA
2020 App Deadline
Allocation Process
First-come, first-served

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New Jersey

Estimated State Cap
$5,00,000,000
Multifamily Allocation
$390,000,000
2020 App Deadline
NA
Allocation Process
NJHMFA Submits Request to State Treasurer's Office

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New Mexico

Estimated State Cap
$589,898,750
Multifamily Allocation
$257,153,750
2020 App Deadline
Rolling basis
Allocation Process
First-come, first-served

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New York

Estimated State Cap
TBD
Multifamily Allocation
TBD
2020 App Deadline
Rolling basis
Allocation Process
First-come, first-served

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North Carolina

Estimated State Cap
$1,101,248,820
Multifamily Allocation
$625,777,000
2020 App Deadline
Between May 1 and October 1
Allocation Process
First-come, first-served

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North Dakota

Estimated State Cap
$321,775,000
Multifamily Allocation
$8,575,000
2020 App Deadline
Rolling basis
Allocation Process
First-come, first-served

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Pennsylvania

Estimated State Cap
$600,000,845
Multifamily Allocation
Not allocated until carry-forward
2020 App Deadline
Accepted until 04/01/20
Allocation Process
First come, first served

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Rhode Island

Estimated State Cap
$227,375,000
Multifamily Allocation
$50,000,000
2020 App Deadline
Dec. 20, 2019
Allocation Process
Allocated through state of RI

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South Dakota

Estimated State Cap
$321,775,000
Multifamily Allocation
$8,500,000
2020 App Deadline
Rolling basis
Allocation Process
First-come, first-served

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Tennessee

Estimated State Cap
$267,063,000
Multifamily Allocation
$256,276,546
2020 App Deadline
Rolling basis
Allocation Process
First-come, first-served

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Texas

Estimated State Cap
$3,044,567,505
Multifamily Allocation
$799,198,970
2020 App Deadline
Beginning of each month
Allocation Process
Combination of lottery and first come, first served

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Utah

Estimated State Cap
NA
Multifamily Allocation
$39,829,923
2020 App Deadline
Rolling basis
Allocation Process
First-come, first-served

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Vermont

Estimated State Cap
$144,000,000
Multifamily Allocation
$50,000,000
2020 App Deadline
Dec. 15, 2020
Allocation Process
Cooperative negotiation among eligible parties

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Virginia

Estimated State Cap
Multifamily Allocation
2020 App Deadline
December 1, 2020
Allocation Process
First-come, first-served

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Washington

Estimated State Cap
$799,563,765
Multifamily Allocation
$737,489,994
2020 App Deadline
December 9, 2019
Allocation Process
Competitive point system

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West Virginia

Estimated State Cap
$128,710,000
Multifamily Allocation
$50,000,000
2020 App Deadline
Rolling basis
Allocation Process
First-come, first-served

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