In April, Kansas Housing received 11 applications for the 4% Low Income Housing Tax Credit (LIHTC), equating to more than $254 million in Private Activity Bonds (PABs) for the second of three application rounds. Of the five applications awarded, the approved LIHTCs and PABs will build 305 new units and rehabilitate 398 existing affordable units.
The Kansas Affordable Housing Tax Credit Act was enacted by H.B. 2237 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 resources provided by the state credit, Kansas Housing saw an increase in 4% LIHTC applications, particularly in the new construction set-aside.
Kansas Housing will host one more 4% LIHTC and PAB application round for 2023. Each round has approximately $75 million in bond capacity to award. The deadline for round three is July 14, 2023.
Round Three Deadline: 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.
Kansas Housing administers the state’s housing development programs and oversees the competitive application process.
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.