Kentucky Housing Corporation (KHC) announced that it will host a Multifamily Developers’ Forum/Public Hearing on the 2013 Qualified Allocation Plan (QAP) on Monday, December 5, 2011 at the Frankfort Public Library. KHC will post a draft of the 2013 QAP on the Multifamily Finance Department Web page prior to Wednesday November 23, 2011. Comments on the proposed 2013 QAP will be accepted until Thursday, December 15, 2011. Comments may be submitted by mail to Andrew Hawes, Kentucky Housing Corporation, 1231 Louisville Road, Frankfort, Kentucky 40601, or by e-mail to [email protected]. The draft 2013 QAP will contain the following proposals:
- Allocating 20 percent of the 2013 Housing Credit to the applications received on October 1, 2011, for 2012 Housing Credit;
- Allocating 60 percent of the 2013 Housing Credit to a separate application round for new construction properties only; applications due on March 1, 2012;
- KHC will not allocate the maximizing outcomes pool until the final 2013 Housing Credit figures have been established in late 2012;
- Limitations on the number of applications that may be submitted by developers and/or consultants for the March 1, 2012, application round;
- No HOME Investment Partnerships Program or Affordable Housing Trust Fund monies will be available for the 2013 Housing Credit application round.
To view the announcement, click here.
