Kentucky Housing Corporation (KHC) has revised its 2019 multifamily underwriting models to include more information for Housing Credit applicants selecting the income averaging option. The affected models include the model for the 9 percent Housing Credit competitive application, as well as the model for Tax-Exempt Bond applications (both open window submissions and responses to the Notice of Funding Availability). Applicants planning to elect the income averaging option should use the new, revised models.
The revised underwriting models are available on KHC’s website under Development, Multifamily, Underwriting Resources.
As a reminder, the submission deadline for 9 percent Housing Credit competitive applications is noon ET, on Thursday, September 20, 2018. Responses to the Tax-Exempt Bond Notice of Funding Availability are due no later than noon ET, on Thursday, September 27, 2018.
