Applications for the Kentucky Housing Corporation (KHC) 2021 competitive Housing Credit funding round are due by noon tomorrow, August 20, 2020.
 
Some reminders for application submission:

• Applicants are strongly encouraged to not wait until the last few minutes to upload documents or to submit their application. KHC's systems experience a high volume of activity as the application submission due date and time nears, which may cause slower submission times.
• Applicants should name their project applications with the property name that will be on the project sign when placed in service; do not use just the location or development team as the application name. 
• Refer to the 2021 Multifamily Guidelines for application thresholds and full submission requirements. 
• The technical assistance period for submitting project-specific questions has passed.

For any technical issues related to the online Universal Funding Application (UFA) system, please contact Terry Helton at thelton@kyhousing.org. All other questions may be directed to Anthony Wright at awright@kyhousing.org.

Effective immediately for all homebuyer and home repair projects, final draws and project completion reports will be due within 90 days of the unit closing. If developers have outstanding PCRs and draws, those need to be submitted for review immediately.

KHC included the cost of personal protective equipment (PPE) as part of Health and Safety in the Kentucky-approved Department of Energy state plan. This covers all jobs, including deferrals, which is a change from the weatherization policy manual. The change is due to the challenges of COVID-19 and protecting homeowners and crews. If you have any questions regarding this policy change, please email Keli Reynolds at kreynolds@kyhousing.org.

Multifamily HOME Investment Partnerships Program (HOME) and National Housing Trust Fund (NHTF)-funded projects still in their affordability period are required to submit an annual HOME Annual Rent Approval Form and NHTF Rent Approval Form, which are located on the Asset Management page of KHC's website. The 2013 HOME Final Rule is an amendment to 24 CFR 92.252(f)(2) -HOME and 24 CFR 93-302 - NHTF, which requires that a Participating Jurisdiction (PJ) review and approve rents for each HOME and NHTF-assisted project annually to ensure that the project complies with the HOME and NHTF rent limits, and to prevent undue increases that would result in a hardship for the residents.

The HUD-published HOME and NHTF rent limits have an effective release date of July 1, 2020.

• 2020 HOME Rent Limits
• 2020 NHTF Rent Limits

If you have any questions or need help completing the form, please contact Lisa Babb or Eva Dicken at 502-564-7640, extension 252 or 263, respectively; or email lbabb@kyhousing.org or edicken@kyhousing.org, respectively.

All completed form packages must be emailed to multifamilycompliance@kyhousing.org by 5 p.m. ET on Friday, September 11, 2020. Failure to submit the HOME and NHTF Rent form could result in a finding and/or being placed on KHC's Suspension and Debarment List.