Notice of Funding Opportunity Tax-Exempt Bond Program

July 8, 2026

This Notice of Funding Opportunity (NOFO) is an announcement of the availability of funding resources for the development of affordable multifamily rental housing with a focus on twinned and phased developments. Refer to Threshold Criteria for details.

The NOFO establishes a two-track application structure:

• Track 1: competitive applications – tax-exempt bonds with NH Housing-administered capital subsidy for either twin or phased proposed projects.
• Track 2: non-competitive applications – tax-exempt bonds without NH Housing-administered capital subsidy.

Unless otherwise expressly stated, all provisions of this NOFO apply to both tracks. Track 2 applications are not evaluated competitively (scoring criteria) unless tax-exempt bond capacity becomes constrained, in which case NH Housing may apply scoring to determine funding decisions.

Eligible applicants are qualified housing developers seeking tax-exempt bond financing paired with 4% Low-Income Housing Tax Credits (LIHTC) and, for Track 1, NH Housing capital subsidy (subordinate debt).

NOFO RELEASE DATE: July 8, 2026.

APPLICATION DEADLINE:

Track 1: Applications must be received by NH Housing no later than 4:30 p.m. Eastern Time (ET) on September 1, 2026.

Track 2: NH Housing will no longer accept applications for tax-exempt bonds (paired with 4% LIHTCs) on a rolling basis, and will only accept applications according to this schedule:

Application Due Date	Response Date (no later than)
October 1, 2026	December 1, 2026
December 31, 2026	March 1, 2027
April 1, 2027	June 1, 2027

The application and all attachments/exhibits must be submitted to NH Housing by 4:30 PM on the applicable due date.

Click here to read the full Notice of Funding Opportunity for Tax-Exempt Bond Program