Kansas

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

U.S. Representative Bruce Braley (D-IA) last week introduced the Rebuilding Communities Act (H.R. 2901), which would extend a provision enacted in 2008 that increased the historic tax credit to 26 percent and the rehabilitation tax credit to 13 percent in Midwestern communities affected by natural disasters.

The Kansas Housing Resources Corporation (KHRC) has released the draft 2012 Qualified Allocation Plan (QAP) and a summary of proposed changes to the plan.

Kansas Development Finance Authority (KDFA) President Tim Shallenburger has named Garden City native Dennis L. Mesa as Executive Director of Kansas Housing Resources Corporation (KHRC). KHRC, a subsidiary corporation of KDFA, is a self-supporting, public corporation which serves as the primary administrator of federal housing programs on behalf of the State of Kansas.

The Kansas Housing Resources Corporation recently posted an announcement on its website that the second round for 2011 Housing Tax Credit applications scheduled for August is canceled due to heavy demand and a shortage of credit availability in the 2011 first round.

Kansas Development Finance Authority President Tim Shallenburger has named Garden City native Dennis L. Mesa as Executive Director of Kansas Housing Resources Corporation (KHRC).

The Kansas Housing Resources Corporation will conduct a public hearing to provide the public input on the Housing Tax Credit Program for 2011.

Kansas Governor Mark Parkinson has signed a measure into law (SB 430) that removes the annual cap to the Kansas State Historic Tax Credit.

The Kansas Housing Resources Corporation has released a proposed version of its 2010 qualified allocation plan (QAP), used for governing the allocation of federal low-income housing tax credits.

Senator Evan Bayh (D-Ind.) has proposed legislation that would make $230 million in funding immediately available to begin work on shovel-ready affordable housing developments in flood-ravaged areas of Indiana. The legislation would clarifiy that disaster housing credits in Indiana, Alabama, Arkansas, Illinois, Iowa, Kansas, Louisiana, Michigan, Missouri, Minnesota, Nebraska, Texas and Wisconsin would be eligible for the Tax Credit Exchange Program.

Kansas Housing Resources Corporation has released its draft selection criteria for funding through the Tax Credit Assistance Program (TCAP) under the recent Recovery Act.

The U.S. Department of the Treasury recently announced more than $330 million in funding to assist troubled affordable housing developments in Kansas, Michigan, Ohio, Wisconsin, and Puerto Rico through the Tax Credit Exchange Program, provided under the American Recovery and Reinvestment Act (ARRA).

NH&RA will continue to update the ARRA resource page below as information is made available.