Kentucky

Governor Steve Beshear (Democrat) recently approved of the 2014 Kentucky Qualified Allocation Plan (QAP). There were a few minor revisions from the QAP drafts and Guidelines that are highlighted in yellow on the final version, including certain appraiser standards if Housing Credit exeeds $250,000. The total amount of Housing Credit expected to be available to Kentucky for 2014 is estimated to be approximately $9,500,000.

Kentucky Housing Corporation (KHC) recently released the final draft of its 2014 Multifamily Finance Guidelines, which governs the competitive funding process for several federal and state resources to enable the development and rehabilitation of safe, affordable housing.

The Kentucky Housing Corporation has released the final 2014 Qualified Allocation Plan and draft scoring criteria.

The National Housing & Rehabilitation Association, in association with the National Trust Community Investment Corporation, honored developers, architects and historic preservation professionals that brought new life to ten historic buildings through its awarding of the 2012 J. Timothy Anderson Awards for Excellence in Historic Rehabilitation.

The Kentucky Housing Corporation (KHC) has released the draft 2014 Qualified Allocation Plan (QAP0 and draft scoring criteria.

In response to the American Taxpayer Relief Act of 2012, the Kentucky Housing Corporation (KHC) is modifying the closing extension policy of the 2013 Qualified Allocation Plan (QAP).

The Kentucky Housing Corporation has announced that Andrew Hawes, director of Multifamily Finance, has left KHC to pursue opportunities in development. Hawes was a member of the KHC team for fifteen years.

The Internal Revenue Service (IRS) announced in Revenue Procedure 2012-41 that it has set the inflation-adjusted State credit ceiling for the Low-Income Housing Tax Credit (LIHTC) program and private activity bond caps for calendar year 2013.

The Internal Revenue Service (IRS) recently published Revenue Procedure 2012-42, which indicates the amounts of unused Low-Income Housing Tax Credit (LIHTC) carryovers for 2012. These carryovers, which amounts to nearly $2.43 million in unused credits, have been allocated to 34 states.

The National Housing & Rehabilitation Association (NH&RA) has announced five winners and ten finalists across ten competitive categories for this year’s J. Timothy Anderson Awards for Excellence in Historic Rehabilitation. The “Timmy Awards” will be presented at an awards luncheon and ceremony on Tuesday, October 30 at the Langham Hotel in Boston, Massachusetts, held in conjunction with the association’s Annual Fall Developers Forum. The winners and finalists represent fourteen different communities in ten states””Connecticut, Kansas, Kentucky, Louisiana, Massachusetts, Missouri, Oklahoma, Pennsylvania, Tennessee, Virginia””as well as the District of Columbia.

The Kentucky Housing Corporation along with TheoPRO Compliance & Consulting, Inc. will be hosting a Low Income Housing Tax Credit Training Thursday and Friday October 4-5, 2012 in the Kentucky Transportation Cabinet Auditorium (Room C105), 200 Mero Street, Frankfort, KY.

The Kentucky Housing Corporation is accepting applications for an allocation of Project-Based Section 8 Housing Choice Vouchers. The application deadline is Monday, October 8, 2012.