The first Kansas Affordable Housing Tax Credits have been awarded to four 4% Low Income Housing Tax Credit (LIHTC) and Private Activity Bond (PAB) projects. In January, Kansas Housing received 11 applications equating to over $250 million in Private Activity Bonds for the first of three application rounds. Of the four applications awarded, the approved LIHTCs and PABs will build 436 new units and rehabilitate 181 affordable units.
The Kansas Affordable Housing Tax Credit was enacted by HB2237 in 2022. All 4% and 9% LIHTC projects awarded in 2023 will receive Kansas Affordable Housing Tax Credits in addition to the federal LIHTCs as an equal match. With the additional funding provided by the state credit, Kansas Housing saw an increase in 4% LIHTC applications, particularly in the new construction set-aside.
The first Kansas Affordable Housing Tax Credits have been awarded to four 4% Low Income Housing Tax Credit (LIHTC) and Private Activity Bond (PAB) projects. In January, Kansas Housing received 11 applications equating to over $250 million in Private Activity Bonds for the first of three application rounds. Of the four applications awarded, the approved LIHTCs and PABs will build 436 new units and rehabilitate 181 affordable units.
Kansas Housing will host two more 4% LIHTC and PAB application rounds for 2023. Each round will have approximately $75 million in bond capacity to award. The deadlines for rounds two and three are:
Round Two: April 14, 2023
Round Three: July 14, 2023
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.
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Kansas Housing administers the state’s housing development programs and oversees the competitive application process
