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Multifamily Developer Forum - Save the Date!
Kentucky Housing Corporation (KHC) will be hosting a developer forum to solicit feedback for the upcoming 2018 multifamily funding round on Thursday, June 8, 2017, 2-4 p.m. ET, at the Kentucky Transportation Cabinet Conference Center, Room C101,
200 Mero Street, Frankfort, Kentucky
. All multifamily developers, consultants, investors, or other interested parties are invited to attend. If you would like to send comments about the recently awarded 2017 multifamily funding round in advance of the forum, please email those to
[email protected]
.
If you have questions, please contact Jeremy Ratliff toll-free in Kentucky at 800-633-8896 or 502-564-7630, extension 707; TTY 711; or email
[email protected].
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Learning Opportunities for KHC
In recent weeks, Wendy Smith, KHC consultant, trained Housing Contract Administration (HCA) on the HOME program. Now, HCA will begin applying our new knowledge to your projects. As we work our way through your documentation, please be patient with us as we ask you more questions and analyze your numbers in a different way. We are trying to be more familiar with your projects and your styles for putting them together. We just want to help support you and think this an excellent opportunity for all of us!
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VAWA Implementation: Emergency Transfer Plans Required by June 14, 2017
VAWA applies to: HOME, ESG, COC, and HOPWA funding sources.
The U.S. Department of Housing and Urban Development (HUD) released a final rule on
Violence Against Women Reauthorization Act of 2013: Implementation in HUD Housing Programs
. This new rule became effective December 16, 2016,
and applies to all the funding sources listed below. All partners receiving funds through one of the programs listed must implement The Emergency Transfer Plan requirement by Wednesday, June 14, 2017.
If you have a project with one of these funding sources please read the applicable rules that have been updated to include the VAWA requirements. Partner agencies are responsible for, and HCA quality assurance staff will be monitoring for compliance on, the implementation and adherence to VAWA-related requirements after the effective date.
COC, ESG, and HOME TBRA Toolkits have been updated and HUD's Model Emergency Transfer Plan is included as a required form. Please refer to the program rules for the funding your agency receives to ensure you complete the Emergency Transfer Plan as applicable.
If you have questions, please submit a request through the
HCA Help Desk
.
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Echo Hill Apartments Grand Opening
On May 12, 2017, Jeremy Ratliff, managing director of Multifamily Programs and Asset Management, spoke during the Echo Hill Apartments ribbon cutting ceremony in Vanceburg, Kentucky. Echo Hill is a beautiful mixed income property provides 40 units of safe, affordable, energy-efficient housing for Project-Based Section 8 recipients in the Commonwealth. For this project, KHC allocated $512,757 in Housing Credits, which will be leveraged into over $5 million in equity from Ohio Capital Corporation for Housing.
Properties like Echo Hill demonstrate just how economically beneficial and aesthetically pleasing renovating older properties can be, creating places for new residents to call home and providing sustainable housing to future generations.
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