What is the Kansas Moderate Income Housing (MIH) Program?
The Kansas Moderate Income Housing (MIH) Program, administered by the Kansas Housing Resources Corporation (KHRC), provides grants and loans to cities and counties with populations fewer than 60,000 to develop single- or multi-family housing for moderate-income households that typically do not qualify for federal housing assistance.
Who is eligible to apply for MIH funding?
Eligible applicants include cities and counties in Kansas with populations under 60,000. This encompasses most Kansas cities and 96 of the state's 105 counties, excluding larger areas such as Kansas City, Lawrence, Olathe, Overland Park, Shawnee, Topeka, and Wichita.
What types of projects can MIH funds be used for?
MIH funds can be utilized for the development of single- or multi-family housing through new construction, rehabilitation, or conversion of existing structures. Projects may be designed for homeownership or rental purposes.
What income levels are targeted by the MIH Program?
The MIH Program targets moderate-income households earning between 60% and 150% of the area median income (AMI), serving those who do not typically qualify for federal housing assistance.
Are there funding limits for MIH grants and loans?
Yes, MIH grants are capped at $650,000 per awardee and can only be used for actual housing development. Loans are capped at $1 million and can be used for housing development or infrastructure development that supports new housing, such as utility extensions and site preparation.
What are the terms for MIH loans?
MIH loans have terms of up to 10 years and generally utilize the applicable federal rate when determining the interest rate.
Is there a matching fund requirement for MIH applicants?
While a specific match is not required, applicants are encouraged to leverage additional funding sources to maximize the impact of MIH funds.
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Get Started NowHow are MIH applications evaluated?
Applications are evaluated based on factors such as the demonstrated housing need, project feasibility, readiness to proceed, and the ability to leverage additional resources.
What is the typical timeline for MIH-funded projects?
Projects awarded MIH funding are generally required to be completed within 18 months of the award notification unless otherwise approved by KHRC.
Can MIH funds be used for infrastructure development?
Yes, MIH loans can be used for both on-site and off-site infrastructure development that supports new housing, including the extension of streets, utility extensions, and general site preparation.
Are there reporting requirements for MIH recipients?
Yes, recipients must provide regular progress reports to KHRC, detailing the status of the project, expenditures, and any challenges encountered.
Can non-profit organizations apply directly for MIH funds?
No, only cities and counties are eligible to apply directly for MIH funds. However, they may partner with non-profit organizations or private developers to implement housing projects.
Is there a preference for certain types of housing projects?
While the program does not explicitly prioritize specific project types, proposals that effectively address local housing needs and demonstrate strong community support are more likely to be successful.
How often are MIH funding rounds held?
KHRC typically holds multiple MIH funding rounds annually, subject to the availability of funds.
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Get Started NowWhat documentation is required for an MIH application?
Applicants must submit a comprehensive proposal including project plans, budgets, timelines, evidence of housing need, and details on how the project will be managed and sustained.
Are there design standards for MIH-funded housing?
While specific design standards are not mandated, projects should adhere to local building codes and aim to provide safe, quality, and energy-efficient housing.
Can MIH funds be used for land acquisition?
Yes, MIH funds can be used for land acquisition as part of the overall development costs of an eligible housing project.
What happens if an MIH-funded project is not completed on time?
KHRC may grant extensions for project completion if justified. However, failure to complete the project within the agreed timeframe without an approved extension may result in penalties or the requirement to repay funds.
Are there affordability requirements for MIH-funded housing?
Yes, housing developed with MIH funds must remain affordable to moderate-income households for a minimum period, as specified in the funding agreement.
How can interested parties learn about upcoming MIH funding opportunities?
KHRC announces MIH funding opportunities through official communications. Interested parties are encouraged to subscribe to KHRC's email list to receive notifications about future funding rounds.