Kentucky Housing Corporation will continually update a Q&A Document regarding its 2017 LIHTC round as questions are received. The following is a brief summary of information within the document:
- Competing with projects under construction: If the proposed project will serve a different population from the project already under construction within 1 to 3 miles (i.e. a family project and a senior project) then there will be no 5 point deduction.
- No projects will be funded in Lexington from the Community Impact Pool, as the VA Hospital project has already filled that space.
- Areas of Opportunity appears by error in the QAP – this classification will not be utilized for the 2017-2018 funding round.
- RD Projects and Deferred Developer Fee: The QAP is incorrect on this matter, the Guidelines state correctly that all projects, including RD projects, are required to defer a minimum 25% of the developer fee if requesting KHC gap funds.
