2017 HOME Rental Development and National Housing Trust Fund Awards

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

 

$600,000 $350,000 $950,000
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.

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Contact: Tabitha Johnson
Communications Director
785.217.2012

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The Kansas Housing Resources Corporation (KHRC) was formed pursuant to K.S.A. 74-8904(v) per the Governor's Executive Reorganization Order (ERO) # 30.  KHRC is a subsidiary corporation of the Kansas Development Finance Authority. 

The Kansas Housing Resources Corporation mission is to enhance Kansas communities with housing opportunities. This goal is achieved through using a variety of strategies and approaches, including increasing homeownership opportunities, leveraging the construction of more affordable rental housing, preserving existing housing through rehabilitation, promoting energy efficiency improvements for owner-occupied and rental housing, providing affordable housing through rent assistance to low-income families and senior citizens, and creating housing opportunities for previously underserved persons and communities.

Contact:

Kansas Housing Resources Corporation
611 South Kansas Avenue, Suite 300
Topeka, Kansas 66603-3803
Phone: (785) 296-5865
Fax: (785) 296-8985

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