KHRC AWARDS $2.1 MILLION TO SUPPORT THE DEVELOPMENT OF MODERATE-INCOME HOUSING IN...

KHRC AWARDS $2.1 MILLION TO SUPPORT THE DEVELOPMENT OF MODERATE-INCOME HOUSING IN KANSAS

–10 Communities to Receive Funding to Build Housing and Infrastructure in Rural Areas–

TOPEKA – October 11, 2013 – (RealEstateRama) — Ten Kansas communities will share $2.1 million in funding to build moderate-income housing and infrastructure in rural areas. The Moderate-Income Housing (MIH) Program, an initiative funded by the State of Kansas and administered by Kansas Housing Resources Corporation (KHRC), works to help cities and counties develop multi-family rental units, single-family for-purchase homes, and water, sewer and street extensions in communities with populations fewer than 60,000 people. MIH funding can also be used to finance construction costs, rehabilitate unsafe or dilapidated housing, and offer down-payment and closing-cost assistance to homebuyers.

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“Now in its second year, the Moderate-Income Housing Program offers an important resource for rural cities and towns undertaking housing initiatives,” said Dennis L. Mesa, Executive Director of KHRC. “When we support activities that revitalize communities, we raise the standard of living for all families who live there,” said Mesa.

The need for moderate-income, workforce housing throughout Kansas is growing. Currently, there are 97 counties and over 600 communities eligible to apply for MIH funding. These communities comprise approximately 68 percent of the state’s total population. Numerous municipalities statewide are experiencing opportunities for economic development and job growth, but the lack of adequate, affordable housing is posing roadblocks to new expansion.

Communities receiving 2013 MIH awards include:

2013 MODERATE-INCOME HOUSING AWARDS

AMOUNT

City of Cottonwood Falls

$100,000

City of Hoxie

$382,451

City of Hugoton

$250,000

City of Humboldt

$100,000

City of Liberal

$350,000

City of Lyons

$200,000

City of Parsons

$100,000

City of Quinter

$400,000

City of Stockton

$71,000

Stafford County

$168,000

TOTAL

$2,121,451

To learn more about the communities receiving 2013 MIH Awards, click here.

KHRC defines moderate-income as households earning between 60 and 150 percent of the U.S. Department of Housing and Urban Development’s FY2013 income limits, or income ranging from $23,220 and $109,350 depending on family size.

In 2012, the MIH program provided $2.3 million to develop new housing and infrastructure development in Kansas, leveraging $22.1 million in private funding. This year’s awards are expected to leverage $18.3 million in local funding, and create or preserve 146 housing units in Kansas.

Kansas Housing Resources Corporation is a self-supporting, public corporation which serves as the primary administrator of federal housing programs for the State of Kansas. Our mission is to increase the availability of affordable, quality and accessible housing for low and moderate-income Kansans

Contact:
Catherine Couch
785-217-2012, ccouch (at) kshousingcorp (dot) org

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The Kansas Housing Resources Corporation (KHRC) was formed pursuant to K.S.A. 74-8904(v) per the Governor's Executive Reorganization Order (ERO) # 30.  KHRC is a subsidiary corporation of the Kansas Development Finance Authority. 

The Kansas Housing Resources Corporation mission is to enhance Kansas communities with housing opportunities. This goal is achieved through using a variety of strategies and approaches, including increasing homeownership opportunities, leveraging the construction of more affordable rental housing, preserving existing housing through rehabilitation, promoting energy efficiency improvements for owner-occupied and rental housing, providing affordable housing through rent assistance to low-income families and senior citizens, and creating housing opportunities for previously underserved persons and communities.

Contact:

Kansas Housing Resources Corporation
611 South Kansas Avenue, Suite 300
Topeka, Kansas 66603-3803
Phone: (785) 296-5865
Fax: (785) 296-8985

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