Twelve Kansas communities will add a collected 540 affordable homes to their housing stock, thanks to funds awarded through the state’s competitive housing development application process. The awards, totaling $6,806,417, will help finance the construction of 324 new homes and the rehabilitation of 216 existing homes for Kansas seniors and families.
“Our state has long experienced a shortage of quality, affordable housing—a reality that has only been exacerbated by the COVID pandemic,” said Ryan Vincent, Kansas Housing’s Executive Director. “Each of these 540 homes brings us a step closer to ensuring that all Kansans have access to the safe, affordable housing they need and the dignity they deserve.”
The funding, made available through the state’s Low Income Housing Tax Credit (LIHTC) program, the federal HOME Investment Partnership Program (HOME), and the National Housing Trust Fund (NHTF), provides incentives to developers, nonprofit organizations, and communities that commit to developing quality, affordable housing. Kansas Housing administers the state’s housing development programs and oversees the competitive application process.
This funding round was the first awarded using the state’s newly revamped Qualified Allocation Plan (QAP), the governing document outlining how development incentives and housing resources are awarded. The revised QAP prioritizes developments that expand housing opportunities in rural areas, provide homes for special needs populations, and address a documented housing shortage, among other factors.
Complete award details are available online.
Kansas Housing Resources Corporation (KHRC) is a self-supporting, nonprofit, public corporation committed to helping Kansans access the safe, affordable housing they need and the dignity they deserve. KHRC serves as the state’s housing finance agency (HFA), administering essential housing and community programs to serve Kansans.