In February, Kansas Housing received 19 applications for the 4% Low Income Housing Tax Credit (LIHTC), equating to more than $370 million in Private Activity Bonds (PABs) for the first of two application rounds. Of the seven applications awarded, the approved LIHTCs and PABs will build 361 new units and rehabilitate 703 existing affordable units.
With the resources of the Low-Income Housing Tax Credit, The Kansas Affordable Housing Tax Credit Act and Private Activity Bonds, Kansas Housing will build or preserve 1,064 affordable housing units. The Kansas Affordable Housing Tax Credit was enacted by H.B. 2237 in 2022. Without the combination of these programs, many 4% proposals would not have been able to secure adequate funding to create and/or improve affordable housing.
Kansas Housing will host one more 4% LIHTC and PAB application round for 2024. Each round has approximately $140 million in bond capacity to award. The deadline to submit applications for round two is July 26, 2024.
Round Two Deadline: July 26, 2024
For more information on how federal and state LIHTCs are allocated, please reference our Qualified Allocation Plan.
The updated 4% LIHTC and PAB project list is available online. Kansas Housing administers the state’s housing development programs and oversees the competitive application process.
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Kansas Housing Resources Corporation (KHRC) is a self-supporting, nonprofit, public corporation committed to helping Kansans access the safe, affordable housing they need and the dignity they deserve. KHRC serves as the state’s housing finance agency (HFA), administering essential housing and community programs to serve Kansans.
