Private Activity Bond Allocation

Case Study

Rental housing provided through HUD and USDA contracts is a vital resource for some of the state’s most vulnerable households. The tax-exempt bond program with 4% floating credits helps provide this housing. Hillcrest Manor Apartments in Leavenworth is a recent preservation development that rehabilitated 95 senior housing units. The project preserved 89 one-bedroom and five two-bedroom apartments. This redevelopment provides well-maintained, affordable  homes for community members with limited housing opportunities.

Read more

Hillcrest Manor Apartments, Leavenworth Kansas

Program Description

Private Activity Bonds provide low interest, long-term financing options for developers and businesses. This tax-exempt bond program provides 4% floating tax credits, which provide a source of equity to the developer, allowing them to offer lower rental rates to serve low-income households.

Audience Served

For-profit and nonprofit developers can apply.

Funding Source

Federal funding allocated through the state’s Private Activity Bond Authority

Staff Contact

Alissa Ice
Director of Housing Development

How To Apply

The Private Activity Bond Allocation Program has an open funding cycle beginning January 1 of each year. To apply:

  • Submit the PAB tax credit application to KHRC.
  • Secure and submit necessary inducements or resolutions from the Kansas Development Finance Authority or, in some cases, local municipal authority. 
  • Secure and submit allocation from Kansas Department of Commerce.
Chinese (Simplified)EnglishSpanishVietnamese

contact us

Submit Revision

You are not permitted to submit this form!

Income Guidelines

Household Size Maximum Income for Weatherization (200% of FPL)
1  $   25,760
2  $  34,840
3  $  43,920
4  $   53,000
5  $  62,080
6  $  71,160
7  $  80,240
8  $  89,320
Skip to content