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Economic Development

Section 42 Low Income Housing Tax Credits

George Brajkovic, Director
701 North 7th Street
Phone: 913-573-5730
Email: gbrajkovic@wycokck.org  

Office Hours are Monday thru Friday, 8 a.m. to 5:00 p.m.  

Sect. 42 (LIHTC) Appl.

          

Section 42 (LIHTC) Pre-application  

A pre-application meeting with the Developer
and UG is required prior to submittal of an
an application in an effort to ensure the Developer
 is informed of the UG 42 tax credit policy and what
is required to advance the application to the
Local Review Committe.

Either a:

4% Section 42 pre-application
or a
9% Section 42 pre-application  

form and documentation will need to be submitted at
that time.  Please call the Economic Development
Department to schedule an appointment.

      

 Sect. 42 Review Criteria

 Cyan Divider 

The Unified Government recognizes that the Housing Tax Credit Program, established in the Tax Reform Act of 1986, Section 42 (m), is an important tool.

The Kansas Housing Resources Corporation’s (KHRC) state allocation plan requires a local review process prior to its consideration of housing tax credit proposals.  The KHRC will not consider an application for housing tax credits “without a resolution from the local governing body stating that it is aware of and approves the housing development”. 

The Unified Government has established selection criteria which are appropriate to local conditions and priorities.




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