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Section 3
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NOTICE OF FUNDING AVAILABILITY
 

August 25, 2011
 

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

 

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$9,000,000 of FY 2012 HOME Funds

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$2,120,000 of FY 2012 HOME Community Housing Development Organization (CHDO) Funds

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$150,000 HOME CHDO Operating Grant Funds

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$7,000,000 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)
 

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$5,000,000 of 2012 federal 9% LIHTC credits - $4,500,000 has been reserved for the Joplin, MSA and $500,000 has been reserved for the City of Berkley, St. Louis County, MO.

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$5,000,000 of 2012 state 9% LIHTC credits - $4,500,000 has been reserved for the Joplin, MSA and $500,000 has been reserved for the City of Berkley, St. Louis County, MO.

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$7,500,000 of 2012 federal 9% LIHTC – Estimated, final amount to be determined.

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$7,500,000 of state 9% LIHTC – Subject to Legislative Action


Application Due Dates
 

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Applications for the Joplin, MSA and the City of Berekley, St. Louis County, MO will be accepted by MHDC until 4:30 PM CDT on Friday, October 14, 2011 October 21, 2011. The targeted date for presentation of the recommended applications will be the December 2011 commission meeting.
 

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Applications for the remainder of the state and any remaining applications for Joplin and Berekley will be accepted by MHDC until 4:30 PM CST on Monday, November 14, 2011. The targeted date for presentation of the recommended applications will be the February 2012 commission meeting.


We ask all applicants with access the links below to obtain the Qualified Allocation Plan, Developer’s Guide, and 2012 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 AHAP tax credits as part of the financing package of a proposed development. The amount of AHAP Credits Available is Subject to Legislative Action.


All proposals must be prepared using the 2012 Rental Production 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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Qualified Allocation Plan

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Developer’s Guide

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Application Forms and Checklist

 

 

 

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