The Affordable Housing Trust Fund (HTF) is a city-wide fund to promote, preserve and create long term affordable housing for extremely low, very low and moderate-income households.
Donor Name: City of Kansas City
State: Missouri
City: Kansas City
Type of Grant: Grant
Deadline: 11/07/2022
Size of the Grant: $2,076,000
Details:
The goal of the HTF is to preserve the affordability of neighborhoods by preventing large scale displacement of residents, providing homeownership opportunities, preservation of affordable housing through the rehabilitation of small and large rental housing developments, removing blight and substandard properties through the renovation of vacant properties and structures, tenant/landlord initiatives that help keep housing affordable, rental assistance and/or capacity grants for the purpose of creating ad preserving housing. The HTF is a key tool in the implementation of the Affordable Housing Plan and provides opportunities for collaboration with the HUD Consolidated Plan for the City of Kansas City. This fund was created to provide an economically thriving, inclusive community with quality housing opportunities for all residents and to provide neighborhood stabilization and wealth building for its residents. This affordable housing fund is rooted in the core values of equitable community investment, long-term economic sustainability, housing as a human right, and holistic neighborhood reinvestment.
The HTF will prioritize projects:
- that maximize the total number of affordable units with longer periods of affordability given higher priority;
- that serve extremely low-income households (30% or less of area median family income (AMFI)) and projects serving very low-income households (31% to 50% of AMFI), including permanent supportive housing;
- that serve higher bedroom sizes; and
- that include community land trust, cooperatives, public housing collaborations, and other options that allow for long term affordability.
Funding Information
- The total amount available for distribution is $10,380,000 of Housing Trust funding through the American Rescue Plan (ARP)
- The following sets forth the funding allocation that shall be followed:
- A minimum of 20% of awards shall be made for Affordable Rental Preservation, at or below 60% of AMFI. (minimum of $2,076,000)
- A minimum of 20% of awards shall be made for Affordable Rental Creation, at or below 60% of AMFI. (minimum of $2,076,000)
- A minimum of 10% of awards shall be made to create/support dedicated Transitional Housing and Permanent Supportive Housing units for vulnerable populations. (minimum $1,038,000)
- A minimum of 10% awards shall be made for homeownership support programs and/or retention programs for residents at levels at 60% of AMFI. Programs that provide a path for resident tenants to transition to ownership shall be eligible. (minimum $1,038,000)
Criteria for Award and Use of Funds
The HTF will maintain criteria for the award and use of funds in each of the four programs:
- Affordable Rental Housing Preservation
- Affordable Housing Creation
- Transitional Housing and Permanent Supportive Housing
- Homebuyer Assistance and Retention.
For more information, visit City of Kansas City.
