On tab four, New Supply, of the Kentucky Housing Corporation’s (KHC) scoring workbook for the 2022 competitive LIHTC, scoring item number two states that projects located within 0.5 miles for urban projects and three miles for rural projects of a KHC tax credit project that A) has been approved in the previous two years and is not yet placed in service (8609 has not been issued) as of the date shown on the list of projects and B) targets the same tenants as the applicant’s project will have five points deducted from their score. The list of projects on tab 10 states that the proposed project must be located within the same county to lose the five points. This is incorrect. Any proposed project located within the prescribed distance will be subject to the five-point deduction, whether the project is located in the same county or in a neighboring adjacent county.
The intent of this scoring item is to disincentivize the siting of new units in close proximity to other affordable units that are currently under development but have not yet been placed in service, to prevent any lease-up issues in those projects.
KHC updated its scoring workbook to make this clarification. If you have any questions, please email multifamily@kyhousing.org.
