Underwriting and Development Policies

Below is a list of documents related to the submission and review of Authority project applications.

• Underwriting Standards and Development Policies for Multi-Family Finance(Current, Effective 5/1/2020)
• Underwriting Standards and Development Policies for Multi-Family Finance ADDENDUM 1
• Underwriting Standards and Development Policies for Multi-Family Finance(Previous, Effective through 4/30/20)
• Market Study Requirements
• Market Study Providers 
• Financing Application 
• Rent Limits 
• Current Utility Allowance  

For projects that require Authority environmental review, HUD statutory checklist may be required. 

• Categorically Excluded Not Subject To Statutory Checklist
• Categorically Excluded with HTF Statutory Checklist
• Categorically Excluded Subject To Statutory Checklist
• Environmental Assessment with HTF Statutory Checklist
• Environmental Assessment Statutory Checklist
• Statutory Checklist Procedure

The following documents are used to process requisitions for Authority-funded projects.  

To help sponsors familiarize themselves with the Authority’s payment process, below are links to helpful resources: 

• NHHFA Requisition Narrative 

Below are links to the Authority required requisition documents: 

• NHHFA Budget Template   
• Owner’s Affidavit  
• EFT Enrollment Form 
• Alternative Schedule A to the Mechanics Lien Affidavit of the General Contractor located on page 34 of the Construction Requisition Packet

The following resources are specific to underwriting HOME, HTF, and/or 811 units for Authority-funded projects.  

• HUD Rent and Income Limits
• HUD Per-Unit Subsidy Limits  
• HUD HTF Information
• Section 811 Information

Rules pertaining to specific New Hampshire Housing financing programs.  

• Qualified Allocation Plan (HFA 109) 
• Construction and Bridge Loan Program Rules (HFA 110)  
• Affordable Housing Fund Rules (HFA113)
• Multi-Family Bond Financing Program (HFA 114)
• Design and Construction Rules (HFA 111)  

Term sheets for Authority multi-family financing programs.  

Tax Exempt Financing