Twelve Kansas communities will add a collective 441 affordable homes to their housing stock, thanks to funds awarded through the state’s competitive housing development application process. The awards, totaling $7.7 million in tax credits and $6.5 million in HOME and NHTF loans, will create over $70M in equity to construct 264 new homes and rehabilitate 177 existing homes for Kansas seniors and families.
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. Within the three programs, 11 awards will be funded with LIHTC, six with NHTF, and three with HOME monies, including one HOME-only project.
As detailed in the 2022 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, among other factors. Over half of the affordable homes will be in rural communities and 18 of the new homes will target individuals with disabilities.
Kansas Housing administers the state’s housing development programs and oversees the competitive application process. Complete award details are available online.