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Section 42 Low Income Housing Tax Credits

 

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

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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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Address Hours George Brajkovic Phone Numbers
City Hall 8:00 am to 5:00 pm Director P: (913) 573-5730
701 N 7th Street Monday - Friday Email  
Suite 421      
Kansas City, KS      
66101      
 

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