In This Issue

Like us on Facebook  Follow us on Twitter  View our videos on YouTube
Red Tape Reduction Initiative Feedback Opportunity  
In July 2016, Governor Matt Bevin announced the Red Tape Reduction Initiative. The goals for this initiative are to help spur job creation and investment, to change the attitude of government from regulation makers to regulation managers, and to get government off the backs of Kentuckians by removing excessive regulations.

In support of this initiative, Kentucky Housing Corporation (KHC) created a task force of KHC Board members and housing partners to assist in evaluating current policies that we have imposed on the Housing Credit program to determine ways in which we can better streamline the program and/or cut any unnecessary bureaucratic red tape. The task force identified four major themes upon which to focus and make potential improvements to:
  1. KHC's online application and multifamily database systems;
  2. Qualified Allocation Plan and Multifamily Guidelines to include a focus on required documentation for Housing Credit-only and Tax-Exempt Bond-only projects (projects with no KHC loans or soft funds);
  3. Minimum Design construction requirements, and;
  4. Compliance and Asset Management forms and policies.
Subcommittees led by members of the task force and other KHC partners have been meeting to study these themes; however, KHC would also like to solicit feedback from the development community at large. The subcommittees will be making their final recommendations by the end of September, so we encourage you to share your feedback with us in writing by Friday, September 29, 2017.

All comments must be sent to redtapereduction@kyhousing.org.

If you have any questions about the Red Tape Initiative, please contact Lisa Beran or Tracy Thurston toll-free in Kentucky at 800-633-8896 or 502-564-7630, extension 722 or 218 respectively; TTY 711; or email lberan@kyhousing.org or tthurston@kyhousing.org, respectively.  
Updated HOME TBRA Subsidy Worksheet
The HOME Tenant-Based Rental Assistance (TBRA) Subsidy Calculation worksheet on the Housing Contract Administration (HCA) Help Desk has been updated. The new form is to be used effective immediately. Please note: It is not recommended to download forms from the HCA Help Desk and save for future use because changes to forms occur on a regular basis and downloading a form does not allow one to obtain the most up-to-date version from the HCA Help Desk. Not using the most current form could jeopardize an agency's compliance with program requirements.
Groundbreaking Ceremony for Riverport Landings
On August 8, 2017, Edwin King, business leaders, and elected officials joined the development partners in breaking ground on one of Louisville's newest and largest intergenerational communities - Riverport Landings. This intergenerational community will be home to families, senior citizens, single parent families, and young adult foster alumni enrolled in Family Scholar House's educational program. Situated on a 36-acre site, Riverport Landings includes various retail services and residents of Riverport Landings will have access to a 2.5 acre community park and other shared amenities conveniently located on a shared site. For more information, please read the full press release.
 
(Click image to enlarge.)
 

DO NOT REPLY-This is an unmonitored email address. 

 

Kentucky Housing Corporation prohibits discrimination on the basis of race; color; religion; sex; national origin; sexual orientation or gender identity; ancestry; age; genetic information; disability; or marital, familial, or veteran status. 

 

To change your eGram preferences or sign up for an eGram list, please visit KHC's website and click on the eGram icon under Quick Links, or click on the "e" at the top of each page on KHC's website.