Kansas Housing Awards Will Provide $154 Million to Support Affordable Housing Development
Thirteen Kansas communities will add a collective 522 affordable homes to their housing stock, thanks to funds awarded through the state’s competitive housing development application process. The awards, totaling $7.8 million in both federal and state tax credits and $5.7 million in HOME and NHTF loans, will create over $154M in equity to construct 328 new homes and rehabilitate 194 existing homes for Kansas seniors and families.
The funding, made available through the state’s Low Income Housing Tax Credit (LIHTC) program, 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, 12 awards will be funded with federal and state LIHTCs, three of which received NHTF monies, and three of which received HOME monies, as well as one HOME-only project.
The awarded developments are the first 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 53 more housing units and increase access to units with rental assistance, such as Housing Choice Vouchers, and/or deeper income targeting.
As detailed in the 2023 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.
Kansas Housing administers the state’s housing development programs and oversees the competitive application process. 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 state’s housing finance agency (HFA), administering essential housing and community programs to serve Kansans.
