Kentucky

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.

The Kentucky Housing Corporation opened its Universal Funding Application (UFA) for 2020 Housing Credit and non-credit projects for applications on May 1.

Southwest Minnesota celebrated the effective end of chronic homelessness and Lexington, KY celebrated the effective end of veteran homelessness! In 2017, the Southwest Minnesota Continuum of Care celebrated the end of veteran homelessness and is now one of only four communities to end both veteran and chronic homelessness.

Ohio Capital Corporation for Housing (OCCH) Training Academy will host a two-day training on May 9 and 10, 2019, at Lexington-Fayette Urban County Housing Authority, 300 West New Circle Road, Lexington, Kentucky.  

In preparation for the 2020 competitive Housing Credit funding round, Kentucky Housing Corporation (KHC) made clarifications and revisions to the multifamily guidelines and scoring workbook. Email multifamily@kyhousing.org with questions.

The Kentucky Housing Corporation (KHC) announced the awards for the 2019 LIHTC application round. KHC received 30 applications requesting more than $21 million in LIHTC and was able to fund 19 projects with $13,747,583 of 2019 LIHTC in conjunction with $2,140,000 from the HOME Investment Partnerships Program and $1,500,000 from KHC’s Affordable Housing Trust Fund (AHTF).

Kentucky Opportunity Zone Initiative   The Tax Cuts and Jobs Act signed into law in December 2017 introduced the Opportunity Zone Program, which provides a new federal framework for stimulating private investment in economically distressed areas across the country. The Kentucky Cabinet for Economic Development oversees the Commonwealth’s Opportunity Zone program through the Kentucky Opportunity […]

The U.S. Department of Housing and Urban Development (HUD) has released the list of qualified census tracts (QCTs) and difficult development areas (DDAs) for 2019 for the Low-Income Housing Tax Credit (LIHTC) program. Multifamily developments located in a QCT or DDA and utilizing LIHTCs are eligible for up to a 30 percent basis boost. The […]

ALL homebuyer projects utilizing Affordable Housing Trust Fund (AHTF), HOME Investment Partnerships Program (HOME), and/or Appalachian Regional Commission (ARC) funds must submit their Homebuyer Project Set Up Packet in the new template, which is available on the Housing Contract Administration (HCA) Help Desk. Effective Monday, October 29, 2018, KHC will no longer accept any homebuyer project […]