Tax Exempt Bond Financing
Kentucky Housing Corporation
Kentucky
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.
Contact
Wendy Smith
Kentucky Housing Corporation
[email protected]
270-402-1478
Other Eligibility Requirements
No other eligibility requirements
Eligibility Limitations
Does not limit eligibility on these criteria
Priority Populations
Does not prioritize beyond eligibility requirements
Total Funding
$250,000,000
Funding Source
General revenue
Funding Year
FY 2023
How Provided?
Development tax credits; Development bonds
Data Collected by Program
Income; Race; Ethnicity; Disability status; Age