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Holiday Hours
Kentucky Housing Corporation (KHC) offices will close today, Thursday, July 2, at 4 p.m., and remain closed Friday, July 3, in honor of Independence Day. KHC offices will reopen on Monday, July 6, 2015, at 8 a.m.
Have a safe and happy holiday weekend!
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Notice of Funding Availability
Tax Exempt Bonds and Gap Financing
As demand grows for capital to preserve and create affordable multifamily housing, KHC has sought ways to expand available funding and equity. One way to do this is by increasing the use of conduit tax-exempt private activity bonds which allow projects to access 4 percent Low Income Housing Tax Credits.
To increase the use of tax-exempt bonds, private investment, and the overall production or rehabilitation of affordable rental housing, KHC is making available a combined total of $19.5 million of KHC's Equity Bridge Loan, HOME Investment Partnerships Program, and Affordable Housing Trust Fund monies through a Notice of Funding Availability (NOFA). In addition, the urban county governments of Louisville and Lexington have committed funds to be allocated via this NOFA. Louisville Metro has committed $2 million in HOME funds for projects in Jefferson County and Lexington-Fayette Urban County Government has committed $1 million in funds from HOME and/or its local Affordable Housing Fund for projects in Fayette County. The NOFA is located on KHC's website under Development; Multifamily; Applications, Guildelines, and Scoring, in the Applications and Scoring dropdown. Also, the 2015 NOFA Underwriting Model and Portfolio Summary are available under the Application Attachments dropdown.
If you have any questions, please contact Andrew Hawes toll-free in Kentucky at 800-633-8896 or 502-564-7630, extension 326; TTY 711; or email ahawes@kyhousing.org.
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