A core function of Kentucky Housing Corporation (KHC) is to invest in quality, safe, and affordable rental housing throughout Kentucky. As demand grows for capital for the preservation and creation of affordable multifamily housing, one way KHC has expanded available funding and equity is through the use of conduit tax-exempt private activity bonds (Tax-Exempt Bonds) in conjunction with 4% Low-Income Housing Tax Credits, which are not limited by Kentucky's annual credit allocation and may be accessed when at least 50% of eligible development costs are financed by tax-exempt bond proceeds.
No other eligibility requirements
Does not coordinate with other systems
Does not limit eligibility on these criteria
Does not prioritize beyond eligibility requirements