Kentucky Housing Corporation (KHC) announced corrections to instructions contained in their most recent version of the 2023-2024 Multifamily Guidelines regarding the census tract report required to document the corresponding census tract data provided in the Opportunity 360 scoring criteria. Since datasets utilized in compiling the Opportunity 360 scores used the census tract boundaries as they existed in 2010, applicants must find the 2010 census tract number for the project address. Please direct questions to multifamily@kyhousing.org.
KHC also updated the Multifamily Guidelines and Scoring Workbook for the 2024 program year. The 2023 Notice of Funding Availability (NOFA) for Tax-Exempt Bonds with KHC Gap Financing or Tax-Exempt Bonds opened on May 15. Through this NOFA, KHC is making available a combined total of approximately $6 million of HOME Investment Partnerships Program (HOME), Participants can use Affordable Housing Trust Fund (AHTF) and National Housing Trust Fund (NHTF) funds in conjunction with a set-aside of Tax-Exempt Bonds and four percent LIHTCs.
