Bond Volume Cap
Volume Cap is the federally authorized dollar limit of tax-exempt bond financing states can issue for affordable housing (single family homes and multifamily apartments), student loans, manufacturing, and exempt facilities (i.e. solid waste disposal facilities).
Volume Cap for Arizona is distributed through the Arizona Finance Authority (“AFA”) with allocations defined by statute. In general, the AFA Director issues confirmations of the volume cap on a “first-come, first-served” basis within each category, except for Director’s discretion, starting on January 2nd of each year in accordance with applicable statutes. (See the AFA’s website oeo.az.gov/afa for details about Volume Cap applications and confirmations.)
Christian Care Surprise $64,250,000
Non-Profits
Christian Care, a provider of senior living facilities for over 35 years, is adding a 313 unit senior living facility in Surprise.
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