Kentucky

Kentucky received an additional funding allocation through the American Rescue Plan Act (ARPA) to be administered through the HOME Investment Partnerships Program (HOME) to perform activities that must primarily benefit qualifying individuals and families who are homeless, at risk of homelessness or in other vulnerable populations. 

Kentucky Housing Corporation reminds owners of multifamily housing projects that received an allocation of 2021 LIHTC that the project must meet the carryover requirements in accordance with the 2021-2022 Multifamily Guidelines. Project owners must submit all LIHTC carryover documentation on or before November 19, through the Universal Funding Application system.

Kentucky Housing Corporation (KHC) is soliciting feedback on current scoring criteria and incentives for the development of the 2023-2024 QAP, Multifamily Guidelines and scoring workbook.

The Universal Funding Application (UFA) for the 2022 nine percent LIHTC funding round is currently available with applications due by noon ET on August 19.

Tracy Thurston will transition into the position of senior director of financial management at Kentucky Housing Corporation, effective June 23, 2021 in anticipation of Jim Statler’s eventual retirement.  

Multifamily HOME- and Housing Trust Fund-funded projects still in their affordability period are required to submit an annual HOME Rent Approval Form and NHTF Rent Approval Form.

The Kentucky Housing Corporation (KHC) opened its Universal Funding Application on May 14 with applications due by August 19.

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.

As of April14, the Kentucky Housing Corporation (KHC) received more pre-application requests than its anticipated available private activity bond (PAB) cap.

The Kentucky Housing Corporation (KHC) opened applications for 2021 Tax-Exempt Bonds (TEB) and four percent LIHTC projects on March 16. Due to limitations on the available private activity bond cap, KHC has revised the process to apply for and be allocated TEB cap. These changes are an effort to better align the reservation of TEB cap with the timing of bond issuances.

The Kentucky Housing Corporation (KHC) Board of Directors named Winston Miller as its new executive director, effective November 16. Miller will replace Lisa Beran, KHC’s former general counsel, who served as interim director for more than a year.

Kentucky Housing Corporation (KHC) opened applications in its Universal Funding Application (UFA) for three project types:
1. Multifamily Non-Credit Rental Development (HOME, AHTF, and SMAL),
2. Single-Family Homebuyer Development (HOME and AHTF), and
3. AHTF Home Repair (AHTF Only).
All three applications are due by noon ET on Friday, January 15, 2021.