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Multifamily

Preserve Housing

Preserve Housing

How KHC Currently Supports Preservation

  1. Preservation is one of KHC’s over-arching strategies, with goals to analyze the inventory of at-risk units, build partnerships and develop a preservation plan to direct our investments and development of new finance products.
  2. KHC Qualified Allocation Plan (QAP) for LIHTC commits significant resources to preservation. KHC recently released a Notice of Funding Availability seeking preservation applications that combine multiple projects into a portfolio application. Funds available included:
    • 4% Housing Credit Equity
    • Tax Exempt Bonds
    • $6 million KHC Equity Bridge Loan
    • $2 million Rural Preservation Loan Fund
    • $1.5 million HOME as gap subsidy
    • $600,000 Affordable Housing Trust Fund as gap subsidy
  3. KHC allocated an additional $12 million for construction/bridge loans supporting 2015 LIHTC projects.