KANSAS CITY, Mo. — The Kansas City Area Transportation Authority Board of Commissioners have approved three affordable, multi-family housing developments on the city’s east side.
Promise Place and the Mabion are “transit-oriented communities” that offer residents easy access to KCATA’s zero-fare public transportation network. The developments include a total of 212 new and rehabilitated units.
“Our federal compact charges us with great responsibility,” President and CEO of KCATA Frank White III said in a release.
Promise Place, located at 45th Street between Olive and Wabash Streets in the Ivanhoe neighborhood, will consist of 101 affordable apartments in eight buildings. It’ll be one block from the Prospect MAX Bus Rapid Transit line, according to KCATA.
The Mabion, located at 27th Street and Forest in Beacon Hill, will feature 57 multi-family units.
Both projects will serve tenants with incomes between 30-60% of the median family income.
“Public transportation is only at its best when more people have access. Developing transit-oriented communities has become a best practice for connecting people to the things that matter most – housing, jobs, healthcare, education – and each other. These projects do just that.”
The developments are led by the Vecino Group/Nash Group LLC.
“As a native Kansas Citian, it is a great blessing to have an opportunity to provide affordable housing in the very community where I was born and raised,” Dr. Troy Nash said in a release.
“As a 100% minority-owned and operated company, Nash Group, along with our partners at the Vecino Group, are proud to collaborate with the Kansas City Area Transportation Authority in delivering quality transit-oriented developments.”
The KCATA Board of Commissioners also approved the rehabilitation of 41 Paseo LLC, an affordable senior living facility, by Community Builders KC.
The project will renovate the rehab center at East 41st Street and Paseo Boulevard into an art-deco-style facility with 54 affordable units for seniors.
“The project at 41st and Troost is an example of how our partnership with KCATA enables the continued development of affordable housing for our most vulnerable residents,” said Emmet Pierson, president, and CEO of Community Builders KC in a news release.
These projects have secured funding from various sources, including equity from the development team, Central City Sales Tax, the Kansas City Housing Trust Fund, Federal and State Low-Income Housing Tax Credits, and New Market Tax Credits, according to KCATA.