Electronic Annual Performance Reporting

Every year, owners and managers of affordable rental housing funded through Kentucky Housing Corporation (KHC) are required to submit an Annual Performance Report (APR) by March 15 of the current year for the previous calendar year.  To decrease costs for partners and KHC, the APR must be submitted electronically.

APRs are required for all rental projects that are within their compliance period.  This includes projects allocated Housing Credits and funding from the Risk-Sharing, HOME Investment Partnerships, and Small Multifamily Affordable Loan Programs, and the Affordable Housing Trust Fund. 

The deadline for submission to KHC is Saturday, March 15, 2014.  All APRs submitted after the March 15 deadline will be subject to late fees.     

Kentucky Housing has posted instructions for completing the 2013 Annual Performance Report on KHC's Web site, under Housing Production, Asset Management Compliance Monitoring, Rental Program Annual Reporting (APR), 2013 APR Submission Instructions.  The instructions provide checklists that help ensure documents are submitted by the appropriate submission method.  CAUTION:  To avoid incomplete submission fees, please follow the 2013 APR Submission Instructions.  

NOTE:  Fees must be submitted with a printed copy of the invoice along with payment.  

If you need assistance with this new electronic submission process, please contact Kentucky Housing Corporation's Amanda Bess or Tim Carpenter toll-free in Kentucky at (800) 633-8896 or (502) 564-7630, extensions 700 or 733, respectively; TTY 711; or e-mail abess@kyhousing.org or tcarpenter@kyhousing.org, respectively.

Multifamily Finance Funding Announcements

Kentucky Housing Corporation (KHC) is pleased to announce the awards for funding for the 2013 application round competing for 2014 program resources.  KHC received 50 applications requesting over $30 million in Low Income Housing Tax Credits (Housing Credits), and was able to fund 20 projects with $10,870,736 of 2014 Housing Credits in conjunction with other KHC resources, including funds from the HOME Investment Partnerships Program and Affordable Housing Trust Fund totaling $4,858,836.

Also, KHC received ten applications requesting over $4 million in non-credit resources and was able to fund six projects with $2,729,550 of KHC's resources.

This funding round supports the creation or preservation of 986 units of affordable rental housing in 21 counties in Kentucky.  A listing of the funding awards is available on KHC's Web site, under Housing Production, Multifamily Finance.

Applicants are encouraged to contact their assigned program specialist identified in the award notification for additional information concerning their project.  KHC values our partnerships and appreciates all of the applicants' commitment to providing affordable housing in Kentucky.

Multifamily Developer Forum 

KHC will host another open forum to solicit feedback for the 2015 Qualified Allocation Plan (QAP) and Multifamily Finance Guidelines, including scoring criteria for the 2015 funding round.  KHC will accept comments at the forum or by e-mail.  KHC will take all comments into consideration as it develops the draft 2015 QAP, which is anticipated to be finalized in August 2014. 

• Wednesday, February 26, 2014, 1-3 p.m.

The forum will be held in the auditorium of the Kentucky Transportation Cabinet, 200 Mero Street, Frankfort, Kentucky.  All multifamily developers, consultants, investors, or other interested parties are invited to attend.