Kansas City Forces Developers Wanting Tax Breaks To Offer Broke-Ass $500 Rent

Again, this cowtown irony is welcomed. Corporate welfare will now be teamed with REAL LIFE welfare in a move that might force developers to think twice about asking the taxpayers for handouts.

Take a look . . .

Kansas City Will Limit Tax Breaks To Housing Developers Who Don't Include A Few $500 Units

The Kansas City Council voted 12-0 Thursday to require residential developers seeking economic incentives to provide a minimal number of affordable units. Mayor Quinton Lucas, who co-sponsored the measure with Councilwoman Melissa Robinson, praised advocates who have argued passionately for several years that Kansas City needs to do more to address a severe affordable housing shortage.

Comments

Anonymous said…
Kiss development in Kansas City goodbye!
Anonymous said…
Shit, sounds like a good idea. Wtf should my tax dollars go to these multimillionaire developers in form of incentives. Guarantee the nice developments don't want hood rat hoochie mommas running around their $3k exclusive condos at five small per month. The smaller devs who don't care if some is subsidized will get a larger piece of the taxpayer teat. Win win
Anonymous said…
This won't last long. No development means that they will have left to skim from.
Unknown said…
Lol wonder which black reverend's girl friend will get first shot one of those ?
Tells is like it is said…
DO NOT RENEW THE E-TAX!!!!! IF YOU HAPPEN TO BE CONSERVATIVE, WHITE, OR LIVE
OUTSIDE DOWNTOWN, THOSE DOLLARS GO TO DOWNTOWN INTERESTS, ADMINISTRATION INSIDERS, PEOPLE AND GROUPS WHO HATE YOU. YOU ARE FINANCING YOUR OWN DOWNFALL IF YOU VOTE YES.

Anonymous said…
Quentin really needs the E-tax to pass this year. 1.8 billion hole in the budget. Now he's worried? Perhaps he should have lifted some restrictions on the businesses sooner or stopped some of the destruction this summer.
Anonymous said…
the failure over many years of the council to move to address the issue of affordable housing is a very abysmal policy failure

and at the same time to be focusing so much on subsidizing luxury dwellings in the CBD ("central business district", not cbd fake weed), so ridiculous

borrowing, what, $300 million to establish an already-obsolete-looking and dejected drinking district in the CBD, not to create wealth or meaningful jobs, but, just, drinking and partying. so stupid. oh and the buck o'nail bridge is creaking and rusting, all the while.
Anonymous said…
I wonder whether the Council was alert enough to add a provision to the ordinance requiring people who get below market rents to disclose their income each year to prove that they still qualify for the low rent. If not, the renters who had a low income in year one will likely have a much higher income in year 5, or year 10, and still keep the below market rate apartment. They could win the lottery and still pay $500 per month. Which would also mean those apartments will never be available to current low income renters.

Hyperblogal said…
Great. Now there's a social justice reason for welfare for the rich.