Do I need to have credit and bond allocations for my bond deal prior to the second tier application date to compete in that round (assuming I meet all other thresholds)?
To compete in the second round bond deals must have completed the following by the application deadline: • Have already submitted a tax credit application to MFA that has been reviewed for consistency with the Qualified Allocation Plan. • Have received an allocation of bond cap from the State Board of Finance or has an application on the agenda for consideration at the September State Board of Finance meeting. To remain eligible for the award, the applicant must receive a final determination letter from MFA and paid the processing fee prior to September 30, 2009.
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