Kentucky

Ohio Capital Corporation for Housing (OCCH) Training Academy will host a two-day training on May 9 and 10, 2019, at Lexington-Fayette Urban County Housing Authority, 300 West New Circle Road, Lexington, Kentucky.  

In preparation for the 2020 competitive Housing Credit funding round, Kentucky Housing Corporation (KHC) made clarifications and revisions to the multifamily guidelines and scoring workbook. Email multifamily@kyhousing.org with questions.

The Kentucky Housing Corporation (KHC) announced the awards for the 2019 LIHTC application round. KHC received 30 applications requesting more than $21 million in LIHTC and was able to fund 19 projects with $13,747,583 of 2019 LIHTC in conjunction with $2,140,000 from the HOME Investment Partnerships Program and $1,500,000 from KHC’s Affordable Housing Trust Fund (AHTF).

Kentucky Opportunity Zone Initiative   The Tax Cuts and Jobs Act signed into law in December 2017 introduced the Opportunity Zone Program, which provides a new federal framework for stimulating private investment in economically distressed areas across the country. The Kentucky Cabinet for Economic Development oversees the Commonwealth’s Opportunity Zone program through the Kentucky Opportunity […]

The U.S. Department of Housing and Urban Development (HUD) has released the list of qualified census tracts (QCTs) and difficult development areas (DDAs) for 2019 for the Low-Income Housing Tax Credit (LIHTC) program. Multifamily developments located in a QCT or DDA and utilizing LIHTCs are eligible for up to a 30 percent basis boost. The […]

ALL homebuyer projects utilizing Affordable Housing Trust Fund (AHTF), HOME Investment Partnerships Program (HOME), and/or Appalachian Regional Commission (ARC) funds must submit their Homebuyer Project Set Up Packet in the new template, which is available on the Housing Contract Administration (HCA) Help Desk. Effective Monday, October 29, 2018, KHC will no longer accept any homebuyer project […]

The deadline for applications for the 2019 multifamily competitive 9 Percent Housing Credit funding round is noon ET, on Thursday, September 20, 2018. Applications for the 2019 multifamily Tax-Exempt Bond Notice of Funding Availability (NOFA) are due by Thursday, September 27, 2018; however, Kentucky Housing Corporation (KHC) reserves the right to extend this deadline, if […]

Kentucky Housing Corporation (KHC) has updated its 2019 – 2020 Multifamily Program Guidelines to state that the developer fee on Tax-Exempt Bond projects may not exceed 20 percent of the total development cost, minus the following deductions: Developer fee Consultant fee Any fees resembling developer or consultant fees Acquisition costs (related-party transfers only) KHC has […]

On June 1, POAH acquired 20 properties with over 1,000 affordable apartments in Ohio and Kentucky from The Model Group (TMG), a for-profit development company with deep roots in Cincinnati.

After nearly 20 years of service to affordable housing and survivors of domestic violence, Lisa Beran will retire from Kentucky Housing Corporation (KHC) on Friday, November 30, 2018. Currently KHC’s deputy executive director of Housing Production and Programs, Lisa has served over 10 years  on KHC’s executive team, initially serving as KHC’s general counsel and deputy […]

KHC has posted Questions and Answers (Q&A) relative to the upcoming 2019 Housing Credit competitive funding round. The Q&A is available on KHC’s website under Development; Multifamily; Applications, Guidelines and Scoring; within the Applications and Scoring dropdown. Applicants are encouraged to check back often for updates as new questions are received. If you have any […]

Kentucky Housing Corporation (KHC) has revised its 2019 multifamily underwriting models to include more information for Housing Credit applicants selecting the income averaging option. The affected models include the model for the 9 percent Housing Credit competitive application, as well as the model for Tax-Exempt Bond applications (both open window submissions and responses to the […]