NOTICE OF FUNDING AVAILABILITY
September 1, 2010
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
 |
$9,600,000 of FY 2011 HOME Funds |
|
$2,415,000 of FY 2011 HOME Community Housing
Development Organization (CHDO) Funds |
|
$200,000 HOME CHDO Operating Grant Funds
|
|
$3,000,000 of MHDC Fund Balances |
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)
|
$13,200,000 of 2011 federal 9% LIHTC
|
|
$13,200,000 of state 9% LIHTC
|
Applications for funding will be accepted
by MHDC until 4:30 p.m. CDT on Monday, November 8, 2010.
Decisions regarding proposed developments are expected to be made during
the month of February 2011. Deadlines are subject to change at the discretion of
MHDC.
We ask all applicants with access to the
internet to visit our web site to obtain the Qualified Allocation Plan,
Developer’s Guide, and 2011 Application Forms and Checklist (see below links).
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
2011 Rental Production application form dated July 2010 and must be submitted to
the office of the Missouri Housing Development Commission at:
3435 Broadway
Kansas City, MO 64111
Documents:
