NOTICE OF FUNDING AVAILABILITY
FEDERAL & STATE LOW INCOME HOUSING TAX CREDITS
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
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, Developerís 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.
application must be submitted to request Missouri Housing Trust Funds or AHAP
tax credits as part of the financing package of a proposed development.
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:
Kansas City, Missouri 64111