Mayor Lucas and City Council Approve $6.7 Million Toward Hundreds of Affordable Homes

The Housing Trust Fund has funded the creation and preservation of 2,458 homes across Kansas City over the last three years

Kansas City, Mo – Kansas City Mayor Quinton Lucas and City Council approved eight new Housing Trust Fund projects, totaling almost $7 million to create and preserve 684 additional affordable, transitional, and supportive homes.

Mayor Lucas created and championed the Housing Trust Fund in 2018 to accelerate affordable housing creation and preservation at or below 60% Area Median Income (AMI). Since then, $75 million has been secured to invest into improving the lives of Kansas Citians struggling with the cost of housing or homelessness. 

“Since becoming Mayor, I’ve been committed to ensuring hardworking families, seniors, and all Kansas Citians alike have access to safe, quality, and dignified homes they can afford. I am proud the Housing Trust Fund has made it possible for us to invest nearly $40 million to support the creation and preservation of more than 2,000 affordable homes since the Housing Trust Fund’s inception in 2021, with millions more available for additional projects ahead,” said Mayor Lucas. “Each day, we are taking steps to ensure every child and family has a safe and affordable place to lay their head at night as we strive toward a heathier, safer, and brighter Kansas City.”

“On September 20, 2024, Kansas City’s Housing Department hosted a bus tour to provide stakeholders an opportunity to learn about the City’s Affordable Housing Trust Fund. The housing trust fund projects featured during last week’s tour highlight the importance of providing gap financing for affordable housing projects in Kansas City,” said Housing Trust Fund Advisory Board Chair Mary Owens. “It is exciting to see Housing Trust Fund projects coming to completion around the city and we hope to build on this momentum and deepen the Housing Trust Fund’s impact in future funding rounds.”

Fourth Round Approved Projects

• Parade Park Redevelopment, 1903 E. 15^th Terrace ($1.7 Million) – a redevelopment of the 26-acre Parade Park Homes. Developer Twelfth Street Heritage to create 240 affordable housing units.

• Cardinal Ridge Apartments, 14200 E. 49^th St. ($1.5 Million) – an affordable rental preservation project by the NHP Foundation serving seniors and families. The project preserves 144 affordable units. 

• Mohawk at 15^th, 1531 Holmes St. ($925,000) – project creating 38 affordable homes at 60% AMI in the Crossroads, led by Grayson Capital. 

• Lion House, 3702 E. 61^st St. ($198,938) – transitional and supportive housing project led by Our Spot (Phase I) to provide housing and services to housing insecure LGBTQ young people. 

• Mayfair Apartments, 1224 E. Linwood Blvd. / 3134 Tracy Ave. ($600,000) – an affordable rental preservation project by TAG Development LLC. The funding will preserve 59 affordable units, with at least 15% of units set aside for permanent veteran housing. 

• Trails at Bannister Apartment Homes, 6200 E. Bannister Rd. ($1 Million) – project led by Pedcor Investments creating 216 new affordable housing units across multiple three-story buildings. 

• Teacher Like Me, 4121 & 4125 Tracy Ave. ($412,868) – creation of two duplexes with two bedrooms to house 8 teachers for three-year increments. The project, led by the Teachers Village, will add create three total affordable homes. 

• Heroes Home Gate, 2005 E. 35^th St. ($425,623) – transitional and supportive housing for homeless veterans, offering supportive services entirely free to residents. The project, led by the Ivanhoe Neighborhood Council, will support 24 transitional and supportive homes for veterans referred by the Department of Veterans Affairs.