Whilst the world waits for $1.9 TRILLION worth of COVID free money from grandpa Prez Biden, Kansas City is already hard at work allocating funds that will follow the recent hobo agenda from City Hall.
To wit . . .
KANSAS CITY PLANS TO SPEND BIG BUCKS FUNDING "FAIR HOUSING" WITH COVID RELIEF CASH ON THE WAY!!!
People in the know are already setting up a few garbage house and apartment building schemes to financially benefit from the government windfall.
Meanwhile, here's another look at recent housing progress from 12th & Oak that offers a preview of the money plan for those who read closely . . .
Summary . . .
The Kansas City Council unanimously voted 12-0 Thursday to require residential developers seeking tax breaks to provide a minimal number of affordable units.
The ordinance requires multi-family projects seeking economic incentives to set aside at least 10% of those units for residents earning 70% or less of the area median income. The rent for those units would be $1,000 or less. For those earning 30% or less of the area median income, rent would be approximately $500 to $700 per month depending on family income and apartment size.
“It is time to vote,” says Mayor Quinton Lucas, “It is time to commit for this city to progress on affordable housing.”
Lucas co-sponsored the measure with Councilwoman Melissa Robinson. The law’s effective date is March 29 so the council can explore alternative ways to provide affordable units in potentially including funding or vouchers.
Developers who cannot achieve, or do not set aside, that housing set-aside would pay 110% of the construction cost of the units to the city’s Housing Trust Fund.
Historic restoration projects and projects receiving state or federal low-income housing tax credits are exempt from the measure.
Developing . . .