Kentucky Housing Corporation has released a Draft HTF Allocation Plan and is receiving public comment through August 15, 2017. Written comments may be sent to Doug Daniel, KHC, 1231 Louisville Road, Frankfort, Kentucky 40601; or email ddaniel@kyhousing.org.
These funds will be made available with the 2018 LIHTC Funding Round. As the current draft stands, eligibility for funds will depend on several factors. Eligibility factors include:
- Being a multifamily developer with successful experience developing LIHTC or tax-exempt bond projects in Kentucky over the past 5 years
- Compliance monitoring history
- Financial management
- Status of in-progress projects
- Uncorrected compliance findings / concerns
- Credit rating of development team members
