Contact:  Charla Jackson Peter

 (502) 564-7630, ext. 454

I.

Call to Order

     William E. Summers, V
Chairman

A.  Confirmation of Quorum

B.  Confirmation of Press Notice

C.  Public Participation (Public may raise issues not already on the agenda; limited to five minutes per speaker.)

II.

Consideration/Approval of Minutes of the Meeting held June 11, 2009 (Motion)

      Chairman Summers

III.

Presentation of the Report on Conformity with Recommendations for Public and Nonprofit Boards Issued by the Auditor of Public Accounts

Kevin R. Field

IV.

Sale of 2009 Series B Housing Revenue Bonds

Consideration of Resolution No. 50, Series of 2009 (Motion)

SERIES RESOLUTION AUTHORIZING THE ISSUANCE OF HOUSING REVENUE BONDS, 2009 Series B OF THE KENTUCKY HOUSING CORPORATION; DETERMINING AND ORDERING THE APPLICATION OF THE PROCEEDS OF SAID OBLIGATIONS; FIXING AND DETERMINING CERTAIN DETAILS OF SAID OBLIGATIONS; APPROVING THE FORM OF SAID OBLIGATIONS; AUTHORIZING THE EXECUTION AND DELIVERY OF THE PURCHASE CONTRACT IN RESPECT OF THE PURCHASE OF SAID OBLIGATIONS AND APPROVING THE FORM AND CONTENT THEREOF; AUTHORIZING THE EXECUTION AND DELIVERY OF THE OFFICIAL STATEMENT IN RESPECT OF SAID OBLIGATIONS AND APPROVING THE FORM AND CONTENT THEREOF; AUTHORIZING THE EXECUTION AND DELIVERY OF A CONTINUING DISCLOSURE AGREEMENT AND APPROVING THE FORM AND CONTENT THEREOF; AND TAKING OTHER RELATED ACTIONS.

Walter D. Clare

V.

Finance Report

A.  Report of Budgeted versus Actual Operating Fee Income and              

      Expenditures for the Year-Ended June 30, 2009

Derek VanMeter

B.  Presentation of Kentucky Housing Corporation’s June 30, 2009

      Financial Statements

Richard L. McQuady

C.  Swap Report

Richard L. McQuady

VI.

Asset Management Update of Multifamily Housing Projects within Corporate Portfolio for the Year-Ended June 30, 2009

Rob Ellis

VII.

American Recovery and Reinvestment Act of 2009 Funds Reporting Requirements

Amy Smith

VIII.

Approval of 2010 Qualified Allocation Plan for Low Income Housing Tax Credit Program

Consideration of Resolution No. 51, Series of 2009 (Motion)

A RESOLUTION APPROVING THE 2010 STATE QUALIFIED ALLOCATION PLAN FOR THE LOW INCOME HOUSING TAX CREDIT PROGRAM EFFECTIVE JANUARY 1, 2010.

Mark Offerman

IX.

Approval and Adoption of a Fair Credit Reporting Act Policy

Consideration of Resolution No. 52, Series of 2009 (Motion)

A RESOLUTION AUTHORIZING THE ADOPTION OF A CORPORATE POLICY TO ENSURE KENTUCKY HOUSING CORPORATION’S COMPLIANCE WITH THE FAIR CREDIT REPORTING ACT.

Lisa Beran

X.

Inducement Resolution for Country Place Apartments

Consideration of Resolution No. 53, Series of 2009 (Motion)

A RESOLUTION OF THE KENTUCKY HOUSING CORPORATION DECLARING ITS INTENTION TO ISSUE TAX-EXEMPT MULTIFAMILY HOUSING BONDS IN AN AMOUNT NOT TO EXCEED $8,140,000 TO FINANCE THE ACQUISITION, REHABILITATION AND EQUIPPING OF APPROXIMATELY 150 MULTIFAMILY RENTAL DWELLING UNITS IN HEBRON, KENTUCKY, TO BE KNOWN AS COUNTRY PLACE APARTMENTS, AND FOR RELATED PURPOSES.

Susan Cottingham

XI.

Approval of Contract with Kentucky Department for Medicaid Services for Kentucky Transitions Program

Consideration of Resolution No. 54, Series of 2009 (Motion)

A RESOLUTION APPROVING EXECUTION OF THE FISCAL YEAR 2010 RENEWAL CONTRACT WITH THE KENTUCKY DEPARTMENT FOR MEDICAID SERVICES TO CONDUCT HOUSING ACTIVITIES RELATED TO THE KENTUCKY TRANSITIONS PROGRAM.

Davey King

XII.

Informational Items

A.  Report on Strategic Plan Scorecard

Stacey Epperson

B.  Kentucky HEARTH Funding Announcements

Davey King

C.  Extension of Project-Based Rental Assistance Contract

Richard L. McQuady

D.  October Board Meeting

E.  Kentucky Affordable Housing Conference

XIII.

Items from the Board or Staff (not on the agenda)

XIV.

Adjournment (Motion)

Chairman Summers