The MHDC Rental Housing Production and Preservation Program provides funding to developers for the acquisition and rehabilitation or new construction of rental housing for low and moderate income families. The MHDC funds are typically combined with Low Income Housing Tax Credits to fund affordable Multifamily housing developments.

Type of Assistance

Below market interest rate construction and permanent financing. 

Eligibility Requirements
 

Developers (for-profit and not-for-profit) are eligible to apply for financing. Applicants must demonstrate prior successful housing experience and engage the services of housing professionals such as architects, appraisers, attorneys, accountants, contractors and property managers with demonstrable multifamily housing experience. Developers must have the financial capacity to successfully complete and operate the proposed housing development. Proposed housing developments must:

Fund Availability: Determined annually by MHDC.

Application Process

The Commission sets the schedule annually. Typically, a Notice of Funding Availability (NOFA) is published during the month of August. The deadline for proposal submission is typically in late October, and recommendations are made to the Commission in December. The NOFA is sent to all parties on the Rental Production mailing list. The Application Packet is available on the MHDC web site or by mail, upon request.

For additional information contact MHDC 3435 Broadway, Kansas City, MO 64111 816.759.6600