Kentucky Housing Corporation recently announced the 2019 Notice of Funding Availability (NOFA) for Tax-Exempt Bonds with Gap Financing. Through this NOFA, KHC is making available a combined total of $14.2 million of KHC’s Equity Bridge Loan (EBL), HOME Investment Partnerships Program (HOME), Affordable Housing Trust Fund (AHTF), and National Housing Trust Fund (NHTF) funds (collectively, the “funds”).
The NOFA is available on KHC’s website, under Development; Multifamily; Applications, Guidelines, and Scoring, within the Application and Scoring dropdown. NOFA responses must be submitted through the Universal Funding Application. Applicants should select the “2019 Tax-Exempt Bond NOFA Application.”
The 2019 NOFA underwriting model and portfolio summary are also available on KHC’s website, under Development; Multifamily; Underwriting Resources.
NOFA responses are due by Thursday, September 27, 2018; however, KHC reserves the right to extend this deadline, if necessary. Development Team Capacity applications for the NOFA response are due by Monday, July 30, 2018.
If you have any questions, please contact Tracy Thurston toll-free in Kentucky at 800-633-8896 or 502-564-7630, extension 218; TTY 711; or email tthurston@kyhousing.org.
