ORDINANCE NO. 260658
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Sponsor: Councilmember Melissa Patterson Hazley
Amending Chapter 2, Code of Ordinances by enacting a new Chapter 2-1694, Code of Ordinances, entitled "Housing Accelerator Fund," to provide funding grant awards for the rehabilitation and the return to productive use of abandoned, nuisance, and distressed residential properties in disinvested neighborhoods; establishing the Housing Accelerator Fund in the records of the City of Kansas City, Missouri; reducing previously appropriated funds in the General Fund (1000) by $500,000.00; appropriating $500,000.00 from the Unappropriated Fund Balance of the General Fund (1000) and appropriating a like transfer to the Housing Accelerator Fund (2910); reducing previously appropriated funds in the Development Services Fund (2210) by $250,000.00; appropriating $250,000.00 from the Unappropriated Fund Balance of the Development Services Fund (2210) and appropriating a like transfer to the Housing Accelerator Fund (2910); appropriating $750,000.00 from the Unappropriated Fund Balance of the Housing Accelerator Fund (2910) to provide gap funding for the rehabilitation of eligible residential properties by qualified rehabilitation partners; designating requisitioning authority; and recognizing this ordinance as having an accelerated effective date.
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WHEREAS, certain Kansas City neighborhoods continue to experience high concentrations of residential vacancy, abandonment, dangerous structures, tax delinquency, and disinvestment, which contribute to reduced property values, increased crime, public safety concerns, and neighborhood instability; and
WHEREAS, these conditions create public safety concerns, limit housing opportunity, and require targeted intervention beyond the capacity of existing redevelopment tools, which often lack flexible funding for major rehabilitation of severely distressed residential structures; and
WHEREAS, the City seeks to return abandoned and nuisance ...
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