HOME and NHTF Annual Rent Approval Due August 3, 2020
Multifamily HOME Investment Partnership 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 located on the
Asset Management page on
KHC's website. HOME [24CFR 92.252(f)(2)] and NHTF [24 CFR 93.302(c)(2)] regulations require 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.
For 2020, all HOME and NHTF funded multifamily projects still in their affordability period are required to submit a HOME and NHTF Annual Rent Approval Form. All completed form packages must be emailed to
multifamilycompliance@kyhousing.org by
5 p.m. ET Monday, August 3, 2020.
The HUD-published HOME and NHTF rent limits have an effective release date of
July 1, 2020.
Failure to submit the form could result in a finding and/or being placed on KHC's Suspension and Debarment List.
|