Home Site Search Media Releases Contact Us
Missouri Housing Development Commission  

 

 

About MHDC
Rental Production
Asset Management
Homeownership
Lender Resources
R.E. Professionals
Community Initiatives
Section 3
MBE/WBE

 

 

NOTICE OF FUNDING AVAILABILITY
 

June 1, 2009

 

MULTIFAMILY RENTAL HOUSING PRODUCTION PROGRAMS

 

The Missouri Housing Development Commission (MHDC) hereby notifies interested parties of the availability of funds for the production or preservation of affordable rental housing as follows:

 

Construction/Permanent Loans
 

bullet $11,100,000 of FY 2010 HOME Funds
bullet $2,166,000 of FY 2010 HOME Community Housing Development Organization (CHDO) Funds
bullet $200,000 HOME CHDO Operating Grant Funds
bullet Tax Credit Replacement Funds remaining from previous rounds

 

Additional HOME funds may be available if funds remain after awards are approved for the second 2009 NOFA round in August.  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.

 

Low Income Housing Tax Credits (LIHTC)
 

bullet $13,500,000 of 2010 Federal 9% Existing LIHTC
bullet $11,300,000 of 2010 Federal 9% Disaster LIHTC
bullet $13,500,000 of State 9% LIHTC

 

Federal Disaster Low Income Housing Tax Credits are available to interested applicants who will rehabilitate or construct new rental housing units for low and moderate income families and individuals in the counties of:

 

Adair

Andrew

Barry

Callaway

Cass

Chariton

Clark

Gentry

Greene

Harrison

Holt

Jasper

Johnson

Lewis

Lincoln

Linn

Livingston

Macon

Marion

Monroe

Newton

Nodaway

Pike

Putnam

Ralls

St. Charles

Stone

Taney

Vernon

Webster


 

Applications for funding will be accepted by MHDC until 4:30 pm Central on November 6, 2009.  Decisions regarding proposed developments are expected to be made during the month of February 2010.  Deadlines are subject to change at the discretion of MHDC.

 

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. 

 

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:

 

bullet

Qualified Allocation Plan

bullet

Application Forms and Checklist

 

 

 

|- Privacy Statement -|- Content Disclaimer -|- Missouri Housing Development Commission -|