4% Low-Income Housing Tax Credit (4% LIHTC)
The 4% LIHTC program by Kansas Housing Resources Corporation funds affordable rental housing development in Kansas through federal tax credits linked to Private Activity Bonds.
Funder: Kansas Housing Resources Corporation
Due Dates: Rolling (Applications accepted year-round)
Funding Amounts: Federal tax credits (4% rate) based on eligible project costs; no strict dollar cap. Typical awards support projects using Private Activity Bonds; duration up to 10 years of credits.
Summary: Provides federal tax credits to developers for the new construction, acquisition/rehabilitation, or conversion of affordable rental housing in Kansas.
Key Information: Applications must be paired with Private Activity Bonds and meet Qualified Allocation Plan requirements.
Description
The 4% Low-Income Housing Tax Credit (LIHTC) program, administered by the Kansas Housing Resources Corporation (KHRC), incentivizes the development and preservation of affordable rental housing throughout Kansas. The program provides federal tax credits to developers, typically in conjunction with tax-exempt Private Activity Bonds (PABs), to support new construction, acquisition/rehabilitation, or conversion of rental housing. Awards are governed by the annual Qualified Allocation Plan (QAP), which outlines compliance, eligibility, and scoring requirements. The credits are allocated to projects that address local housing needs while meeting federal and state standards for affordability, income targeting, and property quality.
