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:
 | Meet a demonstrated affordable housing need; |
| Provide housing for low and moderate income persons and families; |
| Demonstrate local support; |
| Leverage MHDC funds with tax credits, other equity and/or rental assistance, and; |
| Be economically feasible |
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
