–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.
“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:
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
785-217-2012, ccouch (at) kshousingcorp (dot) org