Kentucky

Kentucky Housing Corporation (KHC) is pleased to announce the awards for funding for the 2014 application round competing for 2015 program resources. KHC received 40 applications requesting $20 million in Low Income Housing Tax Credits (Housing Credits), and was able to fund 19 projects with $9,174,414 of 2015 Housing Credits in conjunction with other KHC resources, including funds from the HOME Investment Partnerships Program (HOME) and Affordable Housing Trust Fund (AHTF) totaling $1,837,682.

The Kentucky Housing Corporation’s 2015 Application for HOME Investment Partnerships Program (HOME) and the Affordable Housing Trust Fund (AHTF) will remain open until all funds have been awarded.

The application for the 2015 Kentucky Housing Corporation (KHC) HouseWorks Repair Program (HouseWorks) is now available. The application guidelines are available on KHC’s website, under Development, Single-Family.

Kentucky Housing Corporation (KHC) has released the 2015 application guidelines for the HOME Investment Partnerships Program (HOME) and Affordable Housing Trust Fund (AHTF). Eligible project types include single-family home buyer and homeowner rehabilitation activities.

The Kentucky Housing Corporation has revised the 2015 Multifamily Guidelines to clarify policy issues related to funding the operating deficit reserve account, the process for the pre-construction conference and issuance of the notice to proceed, and credit rate lock-in requirements for Housing Credit projects. All changes to the guidelines are highlighted for easy reference. The […]

Compilation of State Housing Finance Agency from across the nation for the week of October 20.

Boston Capital is investing in the rehabilitation of Cumberland Village Apartments, a 60-unit development for families located in Middlesboro, KY.

On September 29, California Governor Jerry Brown vetoed A.B. 1399, a bill to create a state new markets tax credit (NMTC), and A.B. 1999, to create a state historic rehabilitation tax credit (HTC).

KHC released the draft Multifamily Finance Guidelines for the 2015 funding round. The guidelines are available for review and are posted on KHC’s website. Additionally, KHC will host 2 mandatory 2015 QAP and Multifamily Application Trainings on September 30, 2014.

The Internal Revenue Service (IRS) published that $2.59 million of unused LIHTCs carryovers for calendar year 2014 will be allocated to 35 qualified states and Puerto Rico.

KHC released the draft Multifamily Finance Guidelines for the 2015 funding round. The guidelines are available for review and are posted on KHC’s website. Additionally, KHC will host 2 mandatory 2015 QAP and Multifamily Application Trainings on Thursday, September 11, 2014 or Tuesday, September 30, 2014.

Governor Martin O’Malley announced that Raymond A. Skinner, who has served as Secretary of DHCD since 2007, is retiring at the end of the month and that he will appoint Clarence J. Snuggs, the current Deputy Secretary of DHCD, as acting secretary effective September 1, 2014