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TOPEKA – Eleven housing initiatives across the state will get a boost thanks to Kansas Housing Resources Corporation (KHRC) financing. The awards, offered as deferred-payment loans, are funded through HUD’s Home Investment Partnerships (HOME) Program and the National Housing Trust Fund (HTF), which provide federal funds to expand access to affordable rental housing.
Award recipients were selected through a competitive application process that spanned the past year. More than 20 applications were received for projects totaling approximately $9.5 million. Awardees were selected based on a range of factors, including previous development experience, community need, affordability, development costs, leveraging of resources, and location.
Of the 11 developments selected, six are funded through HOME funds and five from HTF funds, which serve extremely low-income individuals and families. HOME and HTF applications were reviewed in conjunction with 2018 Low Income Housing Tax Credit (LIHTC) applications. HOME and HTF funds are often used as gap funding for a larger LIHTC development. All but three of the applications received also included a request for housing tax credits.
KHRC is a public corporation that finances and develops affordable housing opportunities for low and moderate-income Kansans. We serve as the state’s primary administrator of federal housing programs. For more information about KHRC’S HOME Rental Development and National Housing Trust Fund Awards, please contact Christine Reimler at 785-217-2023 or visit our website.
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Development Name
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Developer
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City
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Type / Total units
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LIHTC
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HOME*
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HTF*
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Southwest Kansas Family Housing
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Builders Development Corporation
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Garden City, Lakin, Syracuse, Ulysses
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NC Family / 40
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Yes
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$500,000
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$0
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Lee Hardware Lofts
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Overland Property Grp./ Comm. Hsg Dev Corp of Central KS
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Salina
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Historic Conversion / Family / 53
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Yes
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$500,000
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$0
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Eastridge Villas
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Housing Opportunities / Mesner Dev.
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Scott City
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NC Seniors / 20
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Yes
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$500.000
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$0
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Heritage Place of Hoyt
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Homestead Affordable Housing
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Hoyt
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A/R
Seniors / 10
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No
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$545,000
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$0
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OTLR 2018 Single Family
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Original Town of Liberal Revitalization
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Liberal
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NC Family / 4
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No
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$500,000
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$0
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Building Stability on Maple Lane
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Tenants to Homeowners
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Lawrence
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NC Family / 3
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No
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$500,000
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$0
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Boulevard Lofts
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Comm. Hsg. Of Wyandotte Co. (CHWC) / Prairie Fire Dev.
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Kansas City
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NC Family / 50
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Yes
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$0
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$400,000
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Prairie View Ottawa
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East Central KS Econ. Opp. (ECKAN) / Prairie Fire Dev.
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Ottawa
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NC Family / 36
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Yes
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$0
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$350,000
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Eileen’s Place
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Viceno Grp / Metropolitan Lutheran Ministries
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Kansas City
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NC Family / 60
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Yes
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$0
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$500,000
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Great Bend High Rise
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Housing Solutions Alliance / Great Bend Hsg Auth.
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Great Bend
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Public Housing Conversion / 81
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Yes
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$0
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$500,000
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Parkview Plaza Apts
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Clay Center Hsg Authority
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Clay Center
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Public Housing Conversion / 50
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Yes
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$0
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$500,000
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Totals
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$3,045,000
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$2,250,000
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* Amounts may be adjusted as final underwriting is completed
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