December 18, 2009
NOTICE OF FUNDING AVAILABILITY
2010 ROUND 2
FEDERAL & STATE LOW INCOME HOUSING TAX CREDITS
(4% CREDITS)
Missouri
Housing Development Commission (MHDC) hereby notifies interested parties of the
availability of the following funding sources for the rehabilitation or
construction of rental housing units for low- and moderate-income families and
individuals in the state of Missouri:
 |
federal
4% Low Income Housing Tax Credits; |
|
state
4% Low Income Housing Tax Credits remaining from the $6 million
annual cap after Round 1 reservations; |
|
federal
funds remaining from previous rounds, if any.
|
Applications for funding will be accepted by MHDC until
4:30 pm CDT on April 2, 2010.
Decisions regarding proposed developments will be made during the month of May
or June 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. Approved applicants must be prepared to
submit a complete firm submission package within 90 days of commission approval
and close the bond transaction within 150 days of commission approval in order
to maintain the reservation of Low Income Housing Tax Credits.
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 (see below). 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 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
Documents:
