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NOTICE OF FUNDING AVAILABILITY

August 25, 2011

 

FEDERAL & STATE LOW INCOME HOUSING TAX CREDITS

(4% CREDITS)

 

The 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:
 

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Federal 4% Low Income Housing Tax Credits; and

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$6,000,000 State 4% Low Income Housing Tax Credits Ė Subject to Legislative Action


Applications for funding will be accepted by MHDC until 4:30 p.m. CST on Monday November 14, 2011. Decisions regarding proposed developments will be made during the month of February 2012. Deadlines are subject to change at the discretion of MHDC. 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 visit our web site at www.mhdc.com to obtain the 2012 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 Frank Quagraine at 816-759-7210.


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 August 2011 and must be submitted to:

 

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Missouri Housing Development Commission
3435 Broadway
Kansas City, Missouri 64111

 

Documents:

 

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Printable PDF Version of NOFA

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Qualified Allocation Plan

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Developerís Guide

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Application Forms and Checklist

 

 

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