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Housing Grant Received

KANSAS HOUSING RESOURCES CORPORATION IS ANNOUNCING THAT EIGHT COMMUNITIES WILL SHARE $2.3 MILLION IN FUNDING FROM THE CORPORATION’S NEW MODERATE INCOME HOUSING PROGRAM. DEVELOPED IN RESPONSE TO THE INCREASED NEED FOR HIGHER INCOME WORKFORCE HOUSING THROUGHOUT KANSAS, THE PROGRAM AIMS TO HELP CITIES AND COUNTIES DEVELOP NEW INFRASTRUCTURE AND HOUSING IN RURAL AREAS. COMMUNITIES RECEIVING AWARDS INCLUDE: THE CITY OF NORTON WILL RECEIVE 400 THOUSAND DOLLARS, AND THE CITY OF REXFORD 400 THOUSAND DOLLARS IN NORTHWEST KANSAS. THE MODERATE INCOME HOUSING AWARDS, WHICH COME IN THE FORM OF GRANTS AND/OR LOANS, INCLUDE THE DEVELOPMENT OF MULTI-FAMILY RENTAL UNITS, SINGLE-FAMILY FOR-PURCHASE HOMES, AND WATER, SEWER AND STREET EXTENSIONS. SOME AWARDS ALSO PROVIDE FUNDS TO FINANCE CONSTRUCTION COSTS, REHABILITATE UNSAFE OR DILAPIDATED HOUSING, AND OFFER DOWN PAYMENT AND CLOSING COST ASSISTANCE TO HOMEBUYERS. INFRASTRUCTURE IMPROVEMENTS WILL ALLOW FOR THE DEVELOPMENT OF HOUSING THAT IS BEING FINANCED BY THE PRIVATE SECTOR. IN TOTAL, 32 APPLICATIONS WERE RECEIVED FROM CITIES AND COUNTIES REQUESTING NEARLY $11 MILLION IN FUNDING. THE PROGRAM WAS CREATED EARLIER THIS YEAR AFTER THE KANSAS LEGISLATURE PASSED A BILL WHICH PROVIDED $2 MILLION TO THE STATE HOUSING TRUST FUND FOR THE PURPOSE OF ADMINISTERING AND SUPPORTING HOUSING PROGRAMS.