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MISSOURI HOUSING DEVELOPMENT …

MISSOURI HOUSING DEVELOPMENT commission 2017 qualified ALLOCATION PLAN FOR MHDC MULTIFAMILY PROGRAMS This plan was approved and adopted by the MISSOURI HOUSING DEVELOPMENT commission Board of Commissioners On May 27, 2016 2017 qualified Allocation Plan Table of Contents I. GENERAL INFORMATION .. 1 A. Purpose .. 1 B. Developer s Guide .. 1 C. Credit Types and Availability .. 1 D. Notice of Funding Availability .. 2 E. Deadline and Application Fee .. 2 II. STANDARDS .. 3 A. Participant Standards .. 3 B. DEVELOPMENT Standards .. 4 C. Underwriting Standards .. 6 III. RESERVATION PROCESS .. 11 A. HOUSING Priorities .. 11 B. Selection Criteria .. 16 C. Application Review .. 21 D. Conditional Reservation .. 24 IV. ALLOCATION PROCESS .. 24 A. Carryover Allocation .. 24 B. Final Allocation .. 25 C. Transfer of Reservations and Allocations .. 26 D. Owner Elections .. 26 E. Land Use Restriction Agreement .. 27 F. Bond Developments .. 27 V. COMPLIANCE MONITORING.

MISSOURI HOUSING DEVELOPMENT COMMISSION 2017 QUALIFIED ALLOCATION PLAN FOR MHDC MULTIFAMILY PROGRAMS This plan was approved and adopted …

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