2021 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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Arkansas

Estimated State Cap
$330,000,000
Multifamily Allocation
$330,000,000
2021 App Deadline
NA
Allocation Process
First-come, first-served

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Colorado

Estimated State Cap
$293,000,000
Multifamily Allocation
$400,000,000
2021 App Deadline
Aug. 2, 2021 and the first business day of each month March-November 2021
Allocation Process
2020 Bond Cap resources reserved for Colorado State + 4%

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Florida

Estimated State Cap
$565,102,051
Multifamily Allocation
$350,000,000
2021 App Deadline
March and November
Allocation Process
Competetive Points and first-come, first-serve

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Illinois

Estimated State Cap
$500,000,000
Multifamily Allocation
$100,000,000
2021 App Deadline
NA
Allocation Process
Deal Structuring Process

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Indiana

Estimated State Cap
$140,000,000
Multifamily Allocation
10%-25%
2021 App Deadline
February/March 2021
Allocation Process
First-come, first-served

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Kentucky

Estimated State Cap
$300,000,000
Multifamily Allocation
$150,000,000
2021 App Deadline
May 21
Allocation Process
First-come, first-served

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Missouri

Estimated State Cap
$675,117,080
Multifamily Allocation
NA
2021 App Deadline
NA
Allocation Process
Rolling

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Montana

Estimated State Cap
$324,995,000
Multifamily Allocation
$200,000
2021 App Deadline
Allocation Process
Firt-come, first-served

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Nevada

Estimated State Cap
$325,000,000
Multifamily Allocation
$0
2021 App Deadline
Rolling basis
Allocation Process
The State Director of Business and Industry gets 50% and the local jurisdictions get the remaining 50% allocated by population.

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New Hampshire

Estimated State Cap
$162,497,500
Multifamily Allocation
As-needed
2021 App Deadline
NA
Allocation Process
First-come, first-served

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New Mexico

Estimated State Cap
$460,000,000
Multifamily Allocation
$290,000,000
2021 App Deadline
Rolling Basis
Allocation Process
First-come, first-served

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North Carolina

Estimated State Cap
$1,153,689,240
Multifamily Allocation
$750,000,000
2021 App Deadline
Rolling Cycle
Allocation Process
First-come, first-served

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North Dakota

Estimated State Cap
$324,995,000
Multifamily Allocation
$20,000,000
2021 App Deadline
Allocation Process
First-come, first-served

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Pennsylvania

Estimated State Cap
$483,000,000
Multifamily Allocation
Not allocated until carry-forward
2021 App Deadline
April 1, 2021
Allocation Process
First-come, first-served

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South Dakota

Estimated State Cap
$3,245,625
Multifamily Allocation
$16,000,000
2021 App Deadline
Rolling basis between November 1 and May 1
Allocation Process
First-come, first-served

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Tennessee

Estimated State Cap
67% of the initial amount allocated to the agency
Multifamily Allocation
67% of the initial amount allocated to the agency
2021 App Deadline
Allocation Process
First-come, first-served

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Texas

Estimated State Cap
$3,200,000,000
Multifamily Allocation
$840,000,000
2021 App Deadline
January 2021
Allocation Process
Combination of lottery and first-come, first-served

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Utah

Estimated State Cap
No bond cap
Multifamily Allocation
100%
2021 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
2021 App Deadline
December 15, 2020
Allocation Process
Cooperative negotiation among eligible parties

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Washington

Estimated State Cap
$837,638,230
Multifamily Allocation
Around 42%
2021 App Deadline
January 20, 2021
Allocation Process
Competitive point system

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