KDFA is authorized to issue bonds to finance affordable multifamily housing revenue bonds to provide affordable multifamily housing throughout Kansas. KDFA works with private developers and their finance teams to issue multifamily housing revenue bonds, usually on an annual basis on behalf of these private borrowers who are responsible for repayment of the obligations to provide financing for multifamily housing projectsKDFA has broad authority to facilitate its housing development powers, and for example, may purchase notes which are secured by mortgages, make secure or unsecured loans to low and moderate income multifamily rental housing projects and provide financing for housing projects and programs in participation with programs established by the United States Department of Housing and Urban Development and the Kansas Housing Resources Corporation.
