Kentucky

The deadline for applications for the 2019 multifamily competitive 9 Percent Housing Credit funding round is noon ET, on Thursday, September 20, 2018. Applications for the 2019 multifamily Tax-Exempt Bond Notice of Funding Availability (NOFA) are due by Thursday, September 27, 2018; however, Kentucky Housing Corporation (KHC) reserves the right to extend this deadline, if […]

Kentucky Housing Corporation (KHC) has updated its 2019 – 2020 Multifamily Program Guidelines to state that the developer fee on Tax-Exempt Bond projects may not exceed 20 percent of the total development cost, minus the following deductions: Developer fee Consultant fee Any fees resembling developer or consultant fees Acquisition costs (related-party transfers only) KHC has […]

On June 1, POAH acquired 20 properties with over 1,000 affordable apartments in Ohio and Kentucky from The Model Group (TMG), a for-profit development company with deep roots in Cincinnati.

After nearly 20 years of service to affordable housing and survivors of domestic violence, Lisa Beran will retire from Kentucky Housing Corporation (KHC) on Friday, November 30, 2018. Currently KHC’s deputy executive director of Housing Production and Programs, Lisa has served over 10 years  on KHC’s executive team, initially serving as KHC’s general counsel and deputy […]

KHC has posted Questions and Answers (Q&A) relative to the upcoming 2019 Housing Credit competitive funding round. The Q&A is available on KHC’s website under Development; Multifamily; Applications, Guidelines and Scoring; within the Applications and Scoring dropdown. Applicants are encouraged to check back often for updates as new questions are received. If you have any […]

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 […]

The Housing Needs Assessment is available for public comment through Monday, September 24, 2018. Kentucky Housing Corporation is receiving written comments to obtain public input. The Housing Needs Assessment is available for review on KHC’s website under Resources, Planning Documents, Affordable Housing Studies and Research. Please email written comments to corpplanreport@kyhousing.org by Monday, September 24, […]

The National Development Council’s (NDC) Housing Development Finance Professional (HDFP) certification series will be held in Lexington, Kentucky at the Four Points by Sheraton Hotel.

The training will be held in Lexington, KY.

KHC has updated the cost containment limits for multifamily projects, which are based on the HUD 234 condominium housing limits in effect for the current year.

The most significant change is the removal of the Community Impact & Historic Adaptive Re-use category within the scoring criteria.

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.