Kentucky

The Kentucky state legislature is considering a bill that would create a new section of KRS Chapter 198A to establish the Kentucky affordable housing credit.

Kentucky Housing Corporation is gathering input from developers, syndicators, lenders, and management companies on the 2017 QAP through an online survey and in-person roundtable discussions.

As Kentucky Housing Corporation begins developing the Qualified Allocation Plan for fiscal year 2017 Low Income Housing Tax Credits, the KHC welcomes input from developers, syndicators, lenders, and management companies.

These guidelines are designed to assist owners, contractors, and independent certified public accountants in the preparation and submission of the Contractor’s Cost Certification Forms for KHC’s development programs, including the Low Income Housing Tax Credit (LIHTC) program.

Andrew Hawes, Managing Director for the Kentucky Housing Corporation Multifamily Programs, has accepted a new position and will leave KHC at the end of the calendar year. Jeremy Ratliff will assume the position as interim managing director of Multifamily Programs, effective Friday, January 1, 2016.

KHC updated its 2016 Funding Round Q&A with answers to questions on the application and scoring criteria.

Kentucky Housing Corporation posted multifamily guidelines for the 2016 funding round.

Kentucky Housing Corporation (KHC) Multifamily Programs will provide information about the 2016 Qualified Allocation Plan (QAP) requirements, application score sheet, required scoring documentation, changes to the Universal Funding Application, document uploads, as well as other information necessary to apply in the 2016 competitive funding round.

The final draft score sheet for the 2016 multifamily funding round is now available for review and is posted on KHC’s website, under Development; Multifamily; Applications, Guidelines, and Scoring.

Based on comments received on the initial draft of the 2016 Qualified Allocation Plan (QAP) presented at the developer’s forum on July 15, 2015, Kentucky Housing Corporation (KHC) made revisions to the draft QAP. The revised QAP is available on KHC’s website, under Development; Multifamily; Applications, Guidelines, and Scoring.

KHC has developed new cost certification guidelines applicable to all multifamily projects. These guidelines are designed to assist owners, contractors, and independent certified public accountants in the preparation and submission of the Contractor’s Cost Certification Forms for KHC’s development programs, including the Low Income Housing Tax Credit (LIHTC) program.

Based on comments received at the developer’s forum held on July 15, 2015, Kentucky Housing Corporation (KHC) has made revisions to the draft score sheet within the rehabilitation projects section. The score sheet is subject to further revision as additional comments are received; however, the final draft will be made available for public review.