Notice of Funding
Availability
MHDC
& HOME Rental Housing Production Programs
FY2009
Federal & State Low Income Housing Tax Credits
(9% Credits)
The Missouri Housing Development Commission (MHDC)
hereby notifies interested parties of the availability of funds for production
or preservation of rental housing as follows:
 |
$ 3,000,000 of FY 2009 MHDC Fund Balances for the
production of single-family rental homes for eventual homeownership
opportunities (funded in conjunction with Low Income Housing Tax Credits) |
|
$10,088,500 of FY 2009 HOME* Funds |
|
$ 2,166,000 of FY 2009 HOME* Community Housing
Development Organization (CHDO) funds |
|
$ 2,500,000 of FY 2009 HOME* for Tax Exempt Bond
Subordinate Financing |
|
$14,000,000 (approximately) of Federal Low Income
Housing Tax Credits -
Revised 9/26/2008 |
|
$11,700,000 (approximately) of State Low Income
Housing Tax Credits |
*HOME funding awards are subject to
federal requirements including Davis-Bacon prevailing wage requirements and
Section 3 of the Housing & Urban Development Act of 1968, as amended, and
the regulations in 24 CFR 135.
The funding is available to interested applicants who
will rehabilitate or construct new rental housing units for low and moderate
income families and individuals in the State of Missouri.
Deadline: September 5, 2008
|
Applications for funding will be accepted by MHDC until
4:30 p.m.
CDT on September
5, 2008. Decisions regarding proposed developments will be made during
the month of December 2008. |
Documents:
To request a diskette or printed copy, please contact Gladys Cardona at
816-759-6670.
A separate application must be submitted to request funds from the
Housing Trust Funds or tax credits from the
Affordable
Housing Assistance Program as part of the financing package of a proposed
development.
All proposals must be prepared using the application form dated August 2008 and
must be submitted to:
Missouri Housing Development Commission
3435 Broadway
Kansas City, Missouri 64111
