Kansas City Commits $8.5 Million to Expand Affordable Housing Capacity

by Reco Real Estate Advisors

Kansas City Commits $8.5 Million to Expand Affordable Housing Capacity

In a major move to bolster housing affordability, Kansas City is allocating $8.5 million toward eight new development and rehabilitation projects. Administered through the Affordable Housing Trust Fund, this investment will enable the creation and preservation of 447 affordable housing units across multiple neighborhoods.

A Growing Legacy: The Trust Fund to Date

Championed by Mayor Quinton Lucas, the Affordable Housing Trust Fund has become a central element in the city’s housing strategy. To date, it has contributed over $40 million toward housing construction, rehabilitation, and homeownership initiatives—benefiting communities across Kansas City.
“From day one, we pledged to uphold every Kansas City resident’s right to stable housing,” said Mayor Lucas. “We’ve made substantial strides: more than 5,000 units created or preserved, countless families housed, and neighborhoods strengthened. These eight new projects fuel further momentum and underscore our commitment to housing equity for all.”

Round Five: Project Highlights & Investments

Below is a summary of the eight approved projects for this funding round, their investment levels, and project scope:

Project	Investment	Scope & Impact
Cardinal Ridge	$1,200,000	Preservation of 160 units (90 senior, 70 family), with resident amenities and a dedicated Resident Service Coordinator.
Mid-City Towers II	$1,200,000	Acquisition and rehab of 72 senior apartments, all targeted to households earning under 60% of Area Median Income (AMI).
Loma Vista Apartments	$1,350,000	New construction of a 45-unit mixed-income senior community.
Sanford B. Ladd School Redevelopment	$1,500,000	Redevelopment of a historic school plus construction of new units, yielding 82 total units plus community service space.
9th & Central Lofts	$2,800,000	Façade rehabilitation of three historic buildings to house 192 apartments; 40% reserved for households at 30–80% AMI.
Life Unlimited	$20,346	Renovation of four properties (13 units) managed by a nonprofit aiding adults with disabilities to live independently.
Pawsperity	$100,000	Rehab of six furnished family suites supporting participants in a 7-month training program.
Historic Northeast Land Trust – Raise New Development	$360,000	Construction of 8 new homes on four vacant lots, promoting homeownership through a land-trust model.

Strategic Benefits & Citywide Impact

This round of funding advances multiple goals:

Preservation & Revitalization: Several projects preserve existing affordable units, helping avoid displacement.
Diverse Housing Needs: From senior housing to family units and mixed-income developments, the projects address varied needs across demographics.
Inclusive Homeownership: New development under land trust models promotes long-term affordability for owners.
Supportive Services Integration: Projects like Cardinal Ridge incorporate resident support infrastructure, fostering more stable living environments.

Looking Ahead

This latest $8.5 million investment reaffirms Kansas City’s ongoing commitment to housing as a pathway to equity and community stability. As the city continues to scale this effort, further funding cycles and partnerships will be critical to meeting long-term housing demand.

All rights to the original material belong to the City of Kansas City, Missouri.
👉 https://www.kcmo.gov/Home/Components/News/News/2625/16