Kentucky Housing Corporation (KHC) announced that the application for the 2025 Notice of Funding Availability (NOFA) for Tax-Exempt Bonds (TEB) Only is now open. Through this NOFA, KHC is making available $50 million of competitive TEB with four percent LIHTC. No gap funding is offered as part of this NOFA.
The NOFA and scoring workbook are available on KHC’s website under Partners > Multifamily Development > Applications, Guidelines, and Scoring > Application and Scoring dropdown. NOFA responses must be submitted through the Universal Funding Application. Applicants should select the “2025 Tax-Exempt Bond Only NOFA Application.”
The 2025 TEB NOFA underwriting model and portfolio summary is also available on KHC’s website, under Partners > Multifamily Development > Underwriting Resources.
If you have any questions, please email [email protected].
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