Kentucky

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

Kentucky Housing Corporation (KHC) announced that it will host a Multifamily Developers’ Forum/Public Hearing on the 2013 Qualified Allocation Plan (QAP) on Monday, December 5, 2011 at the Frankfort Public Library. KHC will post a draft of the 2013 QAP on the Multifamily Finance Department Web page prior to Wednesday November 23, 2011.

The Internal Revenue Service (IRS) published Revenue Service 2011-57 which dictates the amounts of unused housing credit carryover allowances allocated to qualified states. Nearly $3.66 million of unused credits were divided among the states in the National Pool.

On June 15 Senators Richard Shelby (R-Ala.) has introduced legislation to provide relief to states that suffered damage by the series of tornadoes and flooding that have struck the south east.

Kentucky Housing Corporation (KHC) will hold a Public Hearing on the proposed state plan for the program year 2011 Weatherization Assistance Program (WAP) Formula Grant for Low Income Persons, Title IV, Part A, Public Law 94-385, and on an amendment to the 2009-2012 American Recovery and Reinvestment Act (ARRA) WAP.

Kentucky Housing Corporation (KHC) has developed an underwriting model review checklist to assist developers with completing the underwriting model and to minimize errors.

In order to enable Kentucky Housing staff to meet the demands of site review requests, technical assistance trainings will be conducted by the Multifamily Finance Department.

Several state housing finance agencies have released varying drafts of their 2011 QAPs over the past few weeks, as well as LIHTC program materials, proposed changes and other information.

On January 28, 2010 Kentucky Housing Corporation (KHC) will host a non-mandatory developer’s forum to meet with partners and discuss the 2010 open window funding round.

Kentucky Housing Corporation has published its final 2010 Qualified Allocation Plan (QAP) and Rental Production Guidelines.

Kentucky Housing Corporation recently announced the reopening of the waiting list for the Section 8 Tenant-Based Rental Assistance Program. Kentucky administers the Section 8 program in 87 counties across the state.

Kentucky Housing Corporation has released a revised 2010 Qualified Action Plan (QAP) and Rental Guidelines are now available for review and public comment.

The Kentucky Housing Corporation (KHC) has issued a notice saying it will be revising its 2010 qualified allocation plan (QAP) for its low-income housing tax credit program to ease current difficulties in developing multifamily housing, including the difficulty in securing equity secure investors, insufficient gap financing, the uncertainty surrounding proposed federal legislative changes, and other developer concerns.