Kentucky

Effective immediately, all replacement reserve and operating reserve draw requests must be made within the Tenant Data Certification System (TDCS). Draw requests are located under the forms section of the project home page.

Kentucky Housing Corporation (KHC) released the Income Averaging Compliance Policy. This policy establishes guidance for KHC partners electing the new average income set aside. The policy is effective for all owners electing income averaging with a placed in-service date of Wednesday, January 1, 2019, or later per their completed 8609 forms. Please contact Phyllis Clem […]

Join KHC for a Multifamily Developer Forum on Monday, December 16, 2019, 1:30-3:30 p.m. ET, at the University of Louisville ShelbyHurst Campus, Burhans Hall Rooms 162/163, 440 N. Whittington Parkway, Louisville, Kentucky, 40222.

HUD User published a case study on the Riverport Family Scholar House, one part of a larger multi-generational housing development. Riverport provides affordable housing and a network of support services to single parents and foster care alumni who are pursuing post-secondary education in Louisville, KY. Residents receive access to free or heavily subsidized child care, […]

Woda Cooper Companies recently celebrated the Grand Opening of Towne Creek Crossing in Walton, KY. This is a new multifamily community offering 44 affordable rental townhomes for households earning up to 60 percent of area median income. Co-developed by Woda Cooper Companies, Inc. and Housing Services Alliance, Towne Creek Crossing is comprised of one-, two- and three-bedroom townhomes for families, singles or seniors.

The Kentucky Housing Corporation (KHC) will host a developer forum to solicit feedback on current scoring criteria and incentives for the development of the 2021-2022 Qualified Allocation Plan, Multifamily Guidelines and scoring workbook on November 19 from 1:00 – 3:00 pm ET. All multifamily developers, consultants, investors or other interested parties are invited to attend this forum.

Kentucky NOFA For Tax-Exempt Bonds with Gap Financing
Kentucky Housing Corporation (KHC) released the 2020 Notice of Funding Availability (NOFA) for Tax-Exempt Bonds with Gap Financing. A combined total of $5.7 million of HOME Investment Partnerships Program (HOME), Affordable Housing Trust Fund (AHTF), and National Housing Trust Fund (NHTF) funds is available.

The Kentucky Housing Corporation (KHC) released a draft of the Income Average Compliance Policy for public review. This policy establishes guidance for KHC partners electing to use the new Average Income set aside. Public comments will be accepted through Tuesday, October 15, 2019 to Phyllis Clem at pclem@kyhousing.org.

Kentucky Housing Corporation (KHC) released a new weatherization program manual. The new program manual is more user-friendly and topical. It incorporates past public notices and more information on latest topics of interest, such as training and multifamily projects. Please email Johnny Bush at JBush@kyhousing.org with any questions regarding policies covered in the new manual.

Kentucky Housing Corporation (KHC)’s Design and Construction Review department has revised the Minimum Design Standards for New Construction, Adaptive Reuse and Rehabilitation of Multifamily Housing Units. These new standards will be effective for multifamily project applications received by KHC after January 1, 2020. Any revisions to the minimum design requirements are highlighted in yellow. Comments […]

The Kentucky Housing Corporation (KHC) announced Lisa Beran as its new interim executive director and chief executive officer after Edwin King announced his resignation to enter the private sector. Lisa formerly served as deputy executive director and general counsel of KHC, and had retired in March 2019, but returned as interim executive director on August […]

The Kentucky Housing Corporation (KHC) is offering a new loan product for financing predevelopment and preconstruction costs related to affordable multifamily housing projects, either new construction or substantially rehabilitated, that receive an allocation of nine percent LIHTC.