Kansas City Parade Park Purchase & Impending Demolition 2024

An urban housing scheme has a glorious history that ultimately amounted to just another FAILED project.

On the bright side . . . It seems that the feds will soon start again and the entire is now getting familiar with lower income housing rules & regs . . .

"The proposal would demolish existing Parade Park Homes buildings and relocate their remaining residents over three phases between 2025 and 2030. Current residents would be prioritized for new units. About one-third, or 166 of Parade Park Homes' 510 existing units, had active leases as of November.

"According to a city release, HUD's chosen property manager Leumas Residential LLC transferred oversight for Parade Park Homes to Flaherty & Collins, which planned to talk with residents and set up new leases. HUD authorized tenant protection vouchers through the Housing Authority of Kansas City for current eligible residents, starting Tuesday. Non-eligible residents "will be eligible for an affordable unit after redevelopment," according to the release."

Read more via www.TonysKansasCity.com links . . .

Parade Park foreclosure sale sets stage for 1,065-home development - Kansas City Business Journal

The historic Parade Park Homes community was acquired by HUD, bought by Kansas City and immediately conveyed to developers planning a $275 million transformation of the site.

Kansas City purchases Parade Park Homes complex, plans for $275M redevelopment project

Kansas City, Missouri, purchased the historic Parade Park Homes complex in a foreclosure sale on Monday, Mayor Quinton Lucas announced.