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.

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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

KHRC will accept applications for 4% LIHTCs and Private Activity Bonds three times per year.

  • January 6, 2023 – 4% LIHTC Preliminary and Full Application Due Date
  • March 17, 2023 – 4% LIHTC Application Approval Announcement
  • April 14, 2023 – 4% LIHTC Preliminary and Full Application Due Date
  • June 23, 2023 – 4% LIHTC Application Approval Announcement
  • July 14, 2023 – 4% LIHTC Preliminary and Full Application Due Date
  • September 22, 2023 – 4% LIHTC Application Approval Announcement
Applicants must request a Procorem Workcenter log-in prior to applying by emailing With the exception of the application fee, all application items will be submitted through the Procorem system.
Applications requesting HOME and/or NHTF must meet the 9% LIHTC deadlines. Applicants seeking to submit applications with both 9% and 4% LIHTC will submit with the 9% competitive round.

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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

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