Kentucky Housing Corporation (KHC) opened its application for the 2022 Notice of Funding Availability (NOFA) for Tax-Exempt Bonds with Gap Financing. Through this NOFA, KHC is making available a combined total of approximately $10 million of HOME Investment Partnerships Program (HOME), Affordable Housing Trust Fund (AHTF) and National Housing Trust Fund (NHTF) funds to be used in conjunction with Tax-Exempt Bonds and four percent LIHTCs.
The urban county governments of Louisville and Lexington have also committed funds to be allocated via this NOFA. Louisville Metro Government (Louisville Metro) has committed $500,000 in HOME funds for projects located in Jefferson County. Lexington-Fayette Urban County Government (LFUCG) has committed $750,000 in funds from its local Affordable Housing Fund for projects in Fayette County.
NOFA responses are due by Noon ET on Feb. 3, 2022; however, KHC reserves the right to extend this deadline, if necessary. The Development Team Capacity application for the NOFA response is open now and all capacity applications are due by Noon ET on Dec. 22, 2021. Any pre-application waiver requests must be submitted no later than Jan. 27, 2022.
If you have any questions, please contact Sam Thorner toll-free in Kentucky at 800-633-8896 or 502-564-7630, extension 427; TTY 711; or email sthorner@kyhousing.org.
