Fifteen housing developments in fourteen Kansas communities will add a collective 522 affordable homes to the state’s housing stock, thanks to funds awarded through the state’s competitive housing development application process. The awards, totaling $9.99 million in both federal and state tax credits and $8.625 million in HUD Resources, will create over $180 million in development to construct 437 new homes and rehabilitate 185 existing homes for Kansas seniors and families.
The funding, made available through the federal Low Income Housing Tax Credit (LIHTC) program, the state Kansas Affordable Housing Tax Credit, the federal HOME Investment Partnerships Program (HOME), and the National Housing Trust Fund (NHTF), provides incentives to developers, nonprofit organizations, and communities that commit to developing quality, affordable housing. Within the four programs, 14 awards will be funded with federal and state LIHTCs, four of which received NHTF monies, and five of which received HOME monies. Additionally, one HOME-only project was awarded.
The awarded developments are the second 9% LIHTC, HOME and NHTF proposals to receive state affordable housing tax credits through the Kansas Affordable Housing Tax Credit Act (K.S.A. 79-32,304 et. seq.). These state credits are awarded as an equal match to the federal tax credit allocation. With the additional resource, KHRC was able to fund more housing units and increase access to units with rental assistance, such as Housing Choice Vouchers, and/or target lower household incomes.
As detailed in the 2024 Qualified Allocation Plan (QAP), Kansas Housing prioritizes developments that expand housing opportunities in rural areas, provide homes for special needs populations, and address a documented housing shortage. Over half of the affordable homes will be in rural communities.
Kansas Housing administers the state’s housing development programs and oversees the competitive application process. Complete award details are available online.
