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Notice of Funding
Availability
MHDC
& HOME Rental Housing Production Programs
2009
Federal & State Low Income Housing Tax Credits
(9% Credits)
Revised November 21, 2008
The Missouri Housing Development Commission (MHDC)
hereby notifies interested parties of the availability of funds for production
or preservation of rental housing as follows:
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$ 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) |
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$10,088,500 of FY 2009 HOME* Funds |
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$ 2,166,000 of FY 2009 HOME* Community Housing
Development Organization (CHDO) funds |
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$ 2,500,000 of FY 2009 HOME* for Tax Exempt Bond
Subordinate Financing** |
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$18,000,000 (approximately) of 2009
Existing Federal Low Income Housing Tax Credits-
Revised 11/21/2008 |
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$8,000,000
(approximately) of 2008 Disaster Federal Low Income
Housing Tax Credits |
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$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.
**Any HOME funds remaining
after award to Tax Exempt Bond proposals may be committed to proposals
awarded 9% Low Income Housing Tax Credits. Additional HOME funds may be
available if program income earned exceeds original projections.
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.
Applications for funding for the FY 2009 NOFA round were accepted by MHDC
through the deadline of 4:30 p.m.
CDT on
September 5, 2008. Decisions regarding proposed
developments will be made during the month of December 2008. Funds remaining
after December approvals shall be made available through a Round 2 Notice of
Funding Availability.
Documents:
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