The agency & primary document
- Allocating agency
- Kansas Housing Resources Corporation (KHRC)
- QAP / guidelines
- https://kshousingcorp.org/developers/tax-credits/
- Governing document
- Current QAP Section 6 (Market Need)
- Methodology
- NCHMA Model Content Standards
Required market study sections
Kansas market studies follow the NCHMA Model Content Standards. The required sections are:
- Executive Summary — Concise summary of each section including data, analysis, and conclusions. 11 minimum content items including feasibility opinion, strengths/weaknesses, absorption estimate.
- Introduction and Scope of Work — Purpose, intended use, intended users, scope of work, effective date, physical inspection date.
- Project Description — Unit mix, utilities, target market, unit and community amenities, construction date. If rehab: scope of work, existing rents and vacancies.
- Location — Site description, site photos/maps, community services map, neighborhood evaluation (visibility, accessibility, crime).
- Market Area Definition — PMA description and rationale, PMA map. Extended/secondary market area if applicable.
- Employment and Economy — Employment trends, employment by sector, unemployment rates, major employers and proximity, planned expansions/reductions.
- Demographic Characteristics — Population and household estimates/projections, building permits, household characteristics (income, tenure, size). Senior/special needs: target-market data.
- Competitive Environment — Comparable profiles and photos, map of comps, vacancy and rents analysis, subject comparison, affordable housing alternatives, pipeline projects.
- Affordability Analysis, Demand Analysis, Capture Rates, and Penetration Rates — Demand estimate, affordability analysis, capture rate, penetration rate.
- Local Perspective of Rental Housing Market and Housing Alternatives — NEW in MCS 3.1 (September 2025). Local market context and housing alternatives beyond standard comparable analysis.
- Analysis / Conclusions — Absorption rate and lease-up timeline, market feasibility statement, strengths and weaknesses, key conclusions reconciling any conflicting indicators, recommendations if any.
- Other Requirements — Analyst qualifications, data sources, physical inspection date, limiting conditions, signed certification.
Key Kansas rules
- Staleness window
- Annual cycle
Kansas-specific overlays
- Average Income set-aside overlay — if AI elected, study must state market can sustain rents in range of 20%–80% AMI
Required companion documents
- NCHMA Market Study Index
- NCHMA compliance confirmation in intro letter or executive summary
Build the Market Data section of your Kansas study
StudyScribe auto-fills the Market Data section — employment, unemployment, building permits, crime and amenities — from BLS, Census, HUD, FBI and Google sources, cites every figure, and exports a Word document formatted for Kansas Housing Resources Corporation (KHRC) submissions. Start free — no credit card.
Request access for your Kansas study →Frequently asked questions
Who reviews LIHTC market studies in Kansas?
Kansas Housing Resources Corporation (KHRC) sets the market study requirements and reviews submissions for Kansas Low-Income Housing Tax Credit applications.
How current must a Kansas LIHTC market study be?
Annual cycle
Does Kansas follow NCHMA standards?
Kansas market studies follow the NCHMA Model Content Standards section structure — KHRC defers to NCHMA Model Content Standards Version 3 as primary methodology. Layer state-specific overlays on top..
Other states
This summary is for general reference and reflects Kansas Housing Resources Corporation (KHRC)'s published guidance as understood by StudyScribe; it is not legal or compliance advice. Always confirm requirements against the current QAP / market study guidelines before submission.