NOTICE OF FUNDING AVAILABILITY
 

FEDERAL & STATE LOW INCOME HOUSING TAX CREDITS

(4% CREDITS)

The Missouri Housing Development Commission (MHDC) hereby notifies interested parties of the availability of federal 4% Low Income Housing Tax Credits and up to $6 million in state 4% Low Income Housing Tax Credits for the rehabilitation or construction of rental housing units for low- and moderate-income families and individuals in the state of Missouri.  Tax Credit Replacement Funds remaining from previous rounds may be available as a gap financing source.

Applications for funding will be accepted by MHDC until 4:30 pm Central on November 6, 2009.  Decisions regarding proposed developments will be made during the month of February 2010.  An approved proposal will not become eligible for the tax credit until it applies and receives an allocation of private activity bonds from the Department of Economic Development.

We ask all applicants with access to the internet to visit our web site at www.mhdc.com to obtain the 2010 Qualified Allocation Plan, Developer’s Guide, and Application Forms and Checklist.  These documents are also available on CD-R.  To request an electronic or printed copy, please contact Gladys Cardona at 816-759-6670.

A separate application must be submitted to request Missouri Housing Trust Funds or AHAP tax credits as part of the financing package of a proposed development.

All proposals must be prepared using the application form dated June 2009 and must be submitted to the office of the Missouri Housing Development Commission at:

3435 Broadway

Kansas City, Missouri 64111

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