KANSAS CITY, Mo. -- Federal funding and a neighborhood stabilization program has created an opportunity to provide affordable housing in one area of Kansas City. Homes along Quindaro Boulevard that have been abandoned, foreclosed or are tax delinquent properties were chosen for the program.
Sixteen homes along Quindaro are under construction. The three bedroom, two-bath houses average about 1,500 square feet. And despite the reputation of the neighborhood, developers already have 19 application from potential buyers.
The homes are being sold for $120,000 each. But if a qualified buyer stays in the home and keeps it up for 10 years, a second mortgage is forgiven and the buyer can end up owning their home for as little as $75,000.
Anyone interested in learning more about the homes on Quindaro can call the developer at 913.573.5116 or the Unified Government at 913.573.5100.