In July, Kansas Housing received 19 applications for the 4% Low Income Housing Tax Credit (LIHTC), equating to more than $362 million in Private Activity Bonds (PABs) for the second of two application rounds. Of the seven applications awarded, the approved LIHTCs and PABs will build 481 new units and rehabilitate 372 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 853 affordable homes this round and 1,917 affordable housing units total for the 4% 2024 award cycles. 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, allowing the annual state and federal resources to expire without full use.
Kansas Housing anticipates two 4% LIHTC and PAB application rounds in 2025. Please reference the 2025 Qualified Allocation Plan (QAP) for more information about the 2025 application and award schedule. KHRC anticipates the finalized 2025 QAP will be available in late October of 2024.
For more information on how the federal and state LIHTCs were allocated, please reference our 2024 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.
