Kentucky

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 [email protected].

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 [email protected] 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.

The Universal Funding Application  for the 2020 multifamily Housing Credit funding round is available with applications due by noon EDT on, August 15.

Kentucky Housing Corporation executive director Edwin King has announced his resignation, effective mid-August of 2019. King, who has served as executive director since July of 2017, has accepted a position in the Greater Cincinnati area which is closer to his family.

Kentucky Housing Corporation (KHC) updated the cost containment limits for multifamily projects, which are based on the HUD 234 condominium housing limits in effect for the current year. In addition, the rent and income limits for the Small Multifamily Affordable Loan (SMAL) program have been updated based on the 2019 Section 8 income limits.

Winterwood, Inc. is co-sponsoring a two-day Certified Credit Compliance Professional (C3P) certification training hosted by Spectrum Seminars on June 18-19, 2019, at the Hilton Lexington-Downtown.