KANSAS CITY, Mo. — Kansas City today approved $24.5 million for housing and neighborhood investment across Kansas City — $16.4 million from the City's Housing Trust Fund for 16 housing projects and $8 million from the Central City Economic Development (CCED) sales tax fund for 10 projects in the city's urban core. These projects will create 907 housing units. Of these, 746 will be affordable, making up over 80 percent of the total.
The money will support new construction, housing preservation, homelessness prevention, home repair, and homeownership programs serving families, seniors, young people, and individuals with HIV/AIDS.
“Every award-winning project helps families leave homelessness, build stronger lives, and invests in working people and seniors in our community. A senior who can afford to stay in their neighborhood, a young person with a safe bed tonight, a parent getting support to repair their home—that's what the Housing Trust Fund was built to do, and I'm proud we continue to lead regionally and nationally in creating housing opportunity for those in need," said Mayor Quinton Lucas.
Housing Trust Fund Projects
The 16 awards include:
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Hampton Cove Senior Living (Oakland Group) — $1,100,000
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Hope Care Center (Hope Care Center, Inc.) — $1,800,000
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One Nine Vine Phase II (Vine Parking, LLC) — $2,000,000
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909 Wyandotte (DW Development Group) — $2,000,000
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Indian Mound Affordable Duplex Infill (Just Action Development Co.) — $587,801
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Linwood Senior Commons (Riverstone Platform Partners) — $900,000
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The Belmont (Linwood Equity Investment LLC) — $1,600,000
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South Kansas City Workforce and Transitional Housing Development (Curry Development Group LLC) — $240,000
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Urban 38 (Community Builders of Kansas City) — $800,000
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The Grand on Beacon Hill (Grand Paseo, LP) — $1,000,000
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Family Lodge Expansion Project (ReStart, Inc.) — $837,750
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Youth Haven (Synergy Services) — $1,985,917
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Heroes Home Gate Supportive Stacked Duplex (Footprints, Inc.) — $457,408
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Preventing Displacement Through Ownership (Amethyst Place) — $300,000
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Operation Breakthrough – Harrison Project (Operation Breakthrough) — $700,000
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Place Based Housing Preservation (Bridging the Gap) — $162,000
The City built in claw back safeguards to protect taxpayer dollars: some projects only get their award if they receive state tax credits by a set deadline, and every project must break ground within a year of signing its contract or the money comes back to the City to fund future housing projects.
Central City Economic Development Projects
The City also approved $8 million from the CCED sales tax fund, approved by voters in 2017 to fund economic development between 9th Street and Gregory Boulevard, from Paseo Boulevard to Indiana Avenue. The 10 awards include:
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Blue Hills Town Homes — $750,000
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Justin Place Apartments — $1,500,000
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Parade Park — $1,250,000
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1814-1816 Vine Street — $750,000
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Santa Fe Minor Home Repair — $700,000
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Montgall Place — $600,380
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LaBou — $432,800
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Apartments at Highland Place Renovation — $300,000
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Single Family Affordable Homeownership — $300,000
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1815 Paseo — $1,500,000
The 1815 Paseo award will stabilize and restore the former Holy Ghost New Testament Church, a City-owned property listed on the National Register of Historic Places. Once slated for demolition, the historic building will now be removed from the Dangerous Buildings List and repurposed for commercial and community uses.
The City built in claw back safeguards to protect taxpayer dollars: some projects only get their award if they receive state tax credits by a set deadline, and every project — in both funds — must break ground within a year of signing its contract or the money comes back to the City to fund future projects.
Continuing Kansas City's Investment in Neighborhoods
Created by then-Councilman Quinton Lucas in 2018, the Housing Trust Fund supports neighborhood revitalization, housing development, and preservation projects in alignment with the City's housing policy.
To date, the Fund has invested $60 million in 42 projects, creating or preserving over 3,000 affordable homes across Kansas City.
The new awards come as Kansas City voters prepare to weigh in to continue creating affordable housing and investing in neighborhoods. On Tuesday, August 4, voters will decide six ballot measures, including the renewal of the Affordable Housing Trust Fund Bond for $100 million dollars and Central City Economic Development (CCED) sales tax, a one-eighth-cent sales tax that funds economic development and neighborhood projects in Kansas City's central city. To date, CCED has awarded nearly $90 million to 57 development projects.
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