EPIC Taxpayer Cash For Kansas City Housing Trust Fund ALMOST Explained

Something to consider here . . .

This housing remains EXCEPTIONALLY EXPENSIVE only now the cost burden is paid by taxpayers. 

Again, housing fund in KCMO have a long history of shady dealings but for now here's a peek at how the start of the efforts amid a great deal of good intentions . . .

The city launched the Housing Trust Fund in 2018 to help build and preserve affordable housing for low-income residents and families as rents are rising rapidly. But the city didn’t have any money to put into the fund until 2021, when it allocated $12.5 million in COVID relief money to jumpstart the program. In November 2021, the city council passed a policy outlining how the Housing Trust Fund would be used and the types of projects it would support.

But the $12.5 million infusion was not a sustainable funding source, nor was it enough to fulfill the Housing Trust Fund’s goals. The City Council put a $50 million bond measure on the November 2022 ballot to fund the program. The measure passed with 71% of the vote . . .

The trust fund’s goal is to provide affordable housing to those with an income at or below 60% of the area median family income, as defined by the U.S. Housing and Urban Development.

Read more via www.TonysKansasCity.com link . . .

Kansas City got $50 million for its Housing Trust Fund. How did it spend the money this year?

A dozen projects have received $11 million in Housing Trust fund support, all of them dedicated to creating and preserving affordable housing.