Kansas City’s $8.5M Investment in Affordable Housing: 8 Projects, 447 Units
Kansas City is taking a bold step forward in meeting the growing demand for affordable housing, with an $8.5 million investment in eight new housing projects. Supported by the City’s Affordable Housing Trust Fund, this funding will create and preserve 447 affordable housing units in neighborhoods across the City.
The Affordable Housing Trust Fund, championed by Mayor Lucas, has become a cornerstone in the city’s commitment to building long-term, sustainable affordable housing. To date, it has invested over $40 million in housing construction, preservation, and homeownership programs, benefiting communities across Kansas City.
“When we launched the Housing Trust Fund, we made a promise to Kansas Citians that we would fight for their right to stable, affordable homes,” said Mayor Quinton Lucas. “We’ve made tremendous progress; over five thousand affordable homes created and preserved, countless families housed, and communities revitalized. These eight new projects continue the momentum, representing the full spectrum of affordable housing and Kansas City’s commitment to housing for all.”
Round Five Approved Projects
Cardinal Ridge
Investment: $1,200,000
Preservation of 160 units, including 90 senior and 70 family units, with resident amenities and a full-time Resident Service Coordinator to support residents.
Mid-City Towers II
Investment: $1,200,000
Acquisition and rehabilitation of 72 senior apartments, all affordable for seniors earning less than 60% of the Area Median Income (AMI).
Loma Vista Apartments
Investment: $1,350,000
Construction of a 45-unit, senior, mixed-income community development project.
The Sanford B. Ladd School Redevelopment Project
Investment: $1,500,000
Redevelopment of the historic Sanford B. Ladd School and four new colonnade buildings, creating 82 units with community service spaces.
The 9th & Central Lofts
Investment: $2,800,000
Transformation of three historically significant structures in the heart of Downtown to provide 192 high-quality, mixed income apartments. 40% of these units will be reserved for households earning between 30-80% AMI.
Life Unlimited
Investment: $20,346
Renovation of four residential properties owned and operated by Life Unlimited, a nonprofit supporting adults with disabilities to live independently and with dignity.
Pawsperity
Investment: $100,000
Rehabilitation of six fully furnished family suites near Pawsperity’s grooming training center, supporting participants in its seven-month training program.
The Historic Northeast Land Trust – Raise New Development
Investment: $360,000
Development of eight new units on four vacant lots to support homeownership through the land trust model.
#AffordableHousing #KansasCity #CommunityGrowth
