Kan. Admin. Regs. § 110-10-1

Current through Register Vol. 43, No. 32, August 8, 2024

Section 110-10-1 - Selection criteria for review and award of low income housing tax credits

(a) The following objective scoring matrix, including the following criteria and the maximum points that may be assigned to each criterion, shall be used in the review and award of low income housing tax credits authorized to the state of Kansas by section 42 of the United States internal revenue code:

Description of Criteria Maximum Number of Points

(1) project location 50 points

(2) the housing needs characteristics for the market of the area in question 45 points

(3) project characteristics, including whether the project includes the use of existing housing as part of a community revitalization plan and whether the project is intended for eventual tenant ownership 80 points

(4) sponsor characteristics 10 points

(5) whether the project is designed to serve tenant populations with special housing needs, including tenant populations of households with children and units limited to tenants 55 years and older or to tenants with special needs 75 points

(6) whether the project will accept referrals of tenants who are on public housing waiting lists 5 points

(7) whether the development will be located in communities that have not previously received housing tax credits or whether the developer provides an independent, site-specific market study of the community 45 points

(b) Each application shall be considered in relation to the other applications in each particular round of tax credit awards.

Kan. Admin. Regs. § 110-10-1

Authorized by and implementing L. 2003, Ch. 154, Sec. 103; effective, T-110-7-1-03, July 1, 2003; effective, T-110-10-8-03, Oct. 8, 2003; effective Feb. 27, 2004.