Commonwealth Development Corporation of America AHSP Application Staff Summary April 2026
LIHTC equity sought from NC Housing Finance Agency
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Description
Commonwealth Development Corporation of America has made a preliminary application to the North Carolina Housing Finance Agency for an estimated $12.97 million in 9% LIHTC equity for the District East Commons project. A final LIHTC application may proceed in May 2026 once the capital stack is fully committed.
Contract Details
Contract Amount
$12,973,703 (estimated 9% LIHTC equity at $0.85 per credit)
Vendor
NORTH CAROLINA HOUSING FINANCE AGENCY
Agency
Buncombe County, NC
Contract Type
FINANCIAL_SERVICES
Document Date
April 4, 2026
Renewal Info
LIHTC award would follow the 2026 Qualified Allocation Plan; compliance period typically runs 15 years with extended use beyond that, but specific term details are not provided in this summary.
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