Kentucky

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

The Internal Revenue Service (IRS) announced in Revenue Procedure 2012-41 that it has set the inflation-adjusted State credit ceiling for the Low-Income Housing Tax Credit (LIHTC) program and private activity bond caps for calendar year 2013.

The Internal Revenue Service (IRS) recently published Revenue Procedure 2012-42, which indicates the amounts of unused Low-Income Housing Tax Credit (LIHTC) carryovers for 2012. These carryovers, which amounts to nearly $2.43 million in unused credits, have been allocated to 34 states.

The National Housing & Rehabilitation Association (NH&RA) has announced five winners and ten finalists across ten competitive categories for this year’s J. Timothy Anderson Awards for Excellence in Historic Rehabilitation. The “Timmy Awards” will be presented at an awards luncheon and ceremony on Tuesday, October 30 at the Langham Hotel in Boston, Massachusetts, held in conjunction with the association’s Annual Fall Developers Forum. The winners and finalists represent fourteen different communities in ten states””Connecticut, Kansas, Kentucky, Louisiana, Massachusetts, Missouri, Oklahoma, Pennsylvania, Tennessee, Virginia””as well as the District of Columbia.

The Kentucky Housing Corporation along with TheoPRO Compliance & Consulting, Inc. will be hosting a Low Income Housing Tax Credit Training Thursday and Friday October 4-5, 2012 in the Kentucky Transportation Cabinet Auditorium (Room C105), 200 Mero Street, Frankfort, KY.

The Kentucky Housing Corporation is accepting applications for an allocation of Project-Based Section 8 Housing Choice Vouchers. The application deadline is Monday, October 8, 2012.

The Kentucky Housing Corporation (KHC) has revised the 2013 Rental Guidelines to include information for its upcoming Non-Housing Credit application round. This round of applications will be for the HOME Investment Partnerships program, the Affordable Housing Trust Fund, the Small Multifamily Affordable Loan program, and a new set-aside for the Affordable Housing Trust Fund for transitional housing projects.

HUD’s Economic and Market Analysis Division regularly publishes Comprehensive Housing Market Analysis reports for regions across the country.

The Kentucky Housing Corporation (KHC) has announced it will accept applications for Project-Based Section 8 Housing Choice Vouchers on Monday, June 25, 2012.

In response to the recent severe storms and tornadoes that touched down in March in Kentucky, the Kentucky Housing Corporation (KHC) has extended the application due date for the 2013 Low Income Housing Tax Credit funding round to allow developers additional time to submit applications to address the housing needs in the affected areas.

In accordance with IRS Revenue Procedure 2007-54, the Indiana Housing and Community Development Authority (IHCDA) and the Kentucky Housing Corporation (KHC) have permitted owners of Section 42 LIHTC properties to provide temporary emergency housing to individuals affected by the recent floods and tornadoes.

The Kentucky Housing Corporation (KHC) has issued guidance to housing partners regarding housing issues and increased needs as a result of the recent storms that affected the state. More specifically, KHC is informing multifamily project owners that most damage-related replacement costs are eligible for reimbursement from Reserve for Replacement (R4R) accounts.

The Kentucky Housing Corporation (KHC) has released a revised draft of the 2012 Qualified Allocation Plan (QAP). In the revised draft, KHC has indicated that 60 percent of 2013 LIHTCs will be forward committed to projects that applied in the October 3, 2011, round.