Question 2: Fund affordable housing by November 8th!
Voting “YES” will authorize bond revenue of up to $50 million dollars to build affordable housing.
- Kansas City’s Housing Trust Fund was created in 2018 to help and build, rehabilitate, and preserve affordable housing for very low, low, and moderate-income households throughout our community—so all in Kansas City can access safe, affordable, and dignified housing. If approved by voters, this $50 million Housing Trust Fund allocation will be the largest single investment in affordable housing ever made in Kansas City, and will help generate 3,000-3,500 units of affordable housing over five years.
All units funded by the Housing Trust Fund must be kept affordable for at least 30 years, with longer periods of guaranteed affordability given higher funding priority. At least 10 percent of awards each cycle must help create or support transitional housing for those experiencing homelessness; and at least 10 percent of awards each cycle must help homeownership support programs for low income homeowners or prospective homeowners.
If bonds are not authorized, we could face:
- Increased housing costs, decreased housing supply and lower quality of housing.
- Continued financial burden on KC’s most vulnerable families