TOPEKA –- (RealEstateRama) — As of the February 6, 2017 application deadline, KHRC had received nine applications for HOME Rental Development funds, and nineteen applications for the National Housing Trust Fund (HTF). Deferred-payment loans from these two Federal programs will assist in the development of affordable rental housing for low income Kansas families and individuals. HTF funds will serve extremely low-income individuals and families.
- HTF Requests: $7,800,000
- HOME Requests: $4,175,000
HOME and HTF applications were reviewed simultaneously with 2017 Low Income Housing Tax Credit (LIHTC) applications. All but two proposals had LIHTC equity as a necessary source of funding.
KHRC has offered loans to nine developments, a total of $4,917,000. Two of the developments will receive both HTF and HOME funds. HOME awards to those two were adjusted upward, and HTF awards reduced, to allow the best overall distribution of HTF funds among the other applicants.
|Development Name||Developer||City||Type||LIHTC||HOME||HTF||Total Award|
|Sunflower Gardens III||Mennonite Hsg Rehab Services||Valley Ctr||NC Senior||Yes
|Rushpointe II||KETCH Inc. Vintage Construction||Wichita||NC Disabled||Yes||$0||$500,000||$500,000|
|Waterman Apartments||Andy Bias||Wichita||A/R Family||Yes||$0||$237,000||$237,000|
|Whittier Place||Dolph Woodman||Emporia||NC Family||Yes||$0||$350,000||$350,000|
|Herington Heights||Herington Hsg Authority||Herington||A/R Family||Yes 2016||$0||$500,000||$500,000|
|Homestead Sr Residences||Homestead Affordable Hsg||Derby||NC Senior||Yes||$617,000||$383,000||$1,000,000|
|Kensington Square||Housing Opportunities||Great Bend||NC Senior||Yes||$500,000||$0||$500,000|
|Ybarra Place||THA Inc.||Topeka||NC Family||Yes||$0||$380,000||$380,000|
|Van Buren Duplexes||Cornerstone of Topeka||Topeka||NC Senior||No||$500,000||$0||$500,000|
|Totals||$2.217 M||$2.7 M||$4.917 M|
NC – New Construction
A/R – Acquisition and Rehabilitation of existing housing
Kansas Housing Resources Corporation is a public corporation that finances and develops affordable housing opportunities for low and moderate-income residents throughout Kansas. We serve as the primary administrator of federal housing programs on behalf of the State of Kansas. For more information about KHRC’S HOME Rental Development and National Housing Trust Fund Awards, please contact Christine Reimler at 785-217-2023 or visit our website at www.kshousingcorp.org.
Contact: Tabitha Johnson