Notice of Selection Criteria for the Tax Credit Assistance Program

May 15, 2009 – (RealEstateRama) — Kansas Housing Resources Corporation hereby publishes a preliminary draft of its Selection Criteria for funding through the Tax Credit Assistance Program (TCAP).  All applications are evaluated based on the Selection Criteria in the Qualified Allocation Plan.  KHRC will then rank and give priority to applications based on the following criteria:

  1. Developments that can be completed by February 12, 2012 (required of all applicants).
  2. Developments in federally declared disaster areas where a loss of rental housing has been identified.
  3. Developments with a 2008 credit allocation that can’t close due to a lack of sufficient equity.
  4. Developments that have investors but need gap funding.
  5. Developments that have completed the HOME environmental review process.
  6. Developments already under construction.

KHRC TCAP Selection Criteria are for public review and comments will be accepted from May 15 – May 20.  A copy of the full TCAP application can be obtained by contacting KHRC.  Comments and applications for TCAP funding should be directed to the Director of Rental Housing, Kansas Housing Resources Corporation, 611 S. Kansas Avenue, Suite 300, Topeka, 66603, (785) 296-5865, fax (785) 296-8985.

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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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