Nine Kansas communities will receive a collective 263 additional housing units, thanks to funds awarded through the state’s competitive housing development application process. The planned initiatives include new and rehabilitated homes in communities ranging from Great Bend to Gardner, Hays to Hutchinson. Housing designed for families represent the majority of planned units (207), while the remaining 56 will be designated for seniors.
“A lack of quality, affordable housing is one of our state’s biggest barriers to growth and prosperity,” Ryan Vincent, Executive Director of Kansas Housing, said. “Each of these 263 homes brings us a step closer to ensuring that all Kansans have access to the safe, affordable, quality housing they need.”
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. LIHTC incentives totaling $2.9 million represent the majority of this round’s funding. Offered annually for a 10-year term, the awards represent a total of $29 million in tax credits over the course of the next decade to support affordable housing across the state.
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 primary administrator of federal housing programs for the state of Kansas.