Scorecard Overall Performance Questions
Score / Deduction
If previous KHC funding was for the construction or
rehabilitation of units, were there any issues with construction procedure or
quality as defined in KHC program guidelines and standards for construction?
Early starts without KHC notification and approval.
Lease-up, occupancy or sale of units without KHC approval or
/ Frequent code violations identified during inspections.
(Non -Life Threating or Health and Safety issues) change orders were not
submitted or did not receive KHC approval prior to change.
Final product does not match application or final plans and
specs as approved by KHC. Including, but not limited to KHC Standards
violations resulting in waiver to avoid correction.
Construction oversight deficiencies by developer/owner.
Has the Entity or Development Team member(s) been cooperative
with KHC compliance and/or asset management requirements?
to respond to KHC requests for monitoring reviews and/or rescheduling of
review more than 2 times.
Removing of pledged amenity without prior approval from KHC.
Repeated failure to respond to requests for information and/or
submission of incorrect information.
Examples include quarterly and annual financials, Annual Performance
Reports, compliance documentation, etc.
occurrences of 30 days or more delinquent on active KHC affordable housing
loans. This included escrow payments
and late fees.
Not keeping TDCS updated, including property contact
information. Substantial events, such
as move-ins, move-outs or recertifications should be entered within 30 days
of the event.
Failure to notify KHC of sale of property or replacement of
general or limited partner for multifamily properties.
Entity or Development Team member(s) demonstrated a continual pattern of
project management issues during the administration of KHC affordable housing
projects or programs?
in the progression of program/project throughout the administration and
development stages, including late submission of documents.
not placed in service/closed out by the applicable deadline.
request submission being returned due to insufficient paperwork or other
changes to program design, development team members, or budgets after final
submission of technical submission items or legal documentation.
in LURA, agreements, or legal documents not consistent with final approved
underwriting/budgets, without prior approval from KHC.
and/or equity closing without KHC approval. (Multifamily Projects Only)
instances of incurring of fees for waivers, deadline extensions, swap of
Housing Credits, late submissions, 8609 reissuances, reinspection, etc. (Multifamily Projects Only)
the cure period on multiple applications in the same funding round, or on 1
or more applications in consecutive funding rounds.
to comply with cross-cutting federal regulations, as applicable.
Entity or Development Team member (s) returned funds or had funds recaptured
as a result of inadequate program administration or compliance finding(s)?
Has the Entity or Development Team member(s)
returned or had recaptured funds that resulted in a significant
loss or penalty to KHC?
For more information,
Housing Corporation |
1231 Louisville Rd.,
KY 40601 502-564-7630;
800-633-8896 (KY only);