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KHC Closed Tuesday, November 11, 2014
In observance of Veterans Day,  Kentucky Housing Corporation (KHC) offices will be closed on Tuesday, November 11, 2014. KHC offices will re-open at 8 a.m. on Wednesday, November 12, 2014.
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2015 Multifamily Guidelines Revised
KHC has revised the 2015 Multifamily Guidelines to clarify policy issues related to funding the operating deficit reserve account, the process for the pre-construction conference and issuance of the notice to proceed, and credit rate lock-in requirements for Housing Credit projects. All changes to the guidelines are highlighted for easy reference. The revised Multifamily Guidelines are on KHC's website under Development; Multifamily; Applications, Guidelines and Scoring, under the Guidelines and Qualified Allocation Plan drop-down menu.
If you have any questions, please contact Michele Huybers, Multifamily project administrator, toll-free in Kentucky at 800-633-8896 or 502-564-7630, extension 331; TTY 711; or email mhuybers@kyhousing.org.
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2015 Multifamily Underwriting Model Correction
A formula error in the 2015 Multifamily Underwriting Model was recently discovered. The error involved the calculation of the allowable Housing Credits under the equity gap test. The underwriting model has been corrected and posted to KHC's website under Development, Multifamily, Underwriting Resources.
If you have any questions, please contact Michele Huybers, Multifamily project administrator, toll-free in Kentucky at 800-633-8896 or 502-564-7630, extension 331; TTY 711; or email mhuybers@kyhousing.org.
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