ORDINANCE NO. 260860
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Sponsor: Mayor Pro Tem Ryana Parks-Shaw
Authorizing the City Manager to negotiate an agreement to establish a housing development corporation; directing the City Manager to review the inventory of publicly-owned parcels and develop a plan to transfer city-owned parcels to external partners pursuant to an agreement.
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WHEREAS, housing stock at all prices is critical for equitable economic growth in Kansas City; and
WHEREAS, the City is committed to creating or preserving housing units to ensure all residents can live and thrive throughout Kansas City;
WHEREAS, by developing housing on City-owned parcels, the city can ensure that publicly held assets will help address the critical need for mixed-income housing; and
WHEREAS, a Housing Development Corporation has previously been identified in the City’s Anti-Displacement Plan and Vacant Land Activation Plan as a successful means to creating and preserving affordable housing stock and activating vacant properties;
WHEREAS, Resolution No. 240997 directed the City Manager to review municipally-owned housing development corporations in peer cities;
WHEREAS, Ordinance No. 250600 adopted the Comprehensive Anti-Displacement Plan and directed the City Manager to implement the plan’s recommendations; and
WHEREAS, the City’s Putting Assets to Work Playbook developed strategies, tools, and policies to better engage intergovernmental partners and community stakeholders to attract private capital and derive new revenue from the portfolio of assets; and
WHEREAS, Kansas City voters have authorized up to $100 million in general obligation bonds for affordable housing, representing a significant new investment in housing and increasing the importance of development tools that are capable of leveraging public resources, publicly-owned land, and private investment to increase housing production; and
WHEREAS, the City Council believes it is in the best interest of Kansas City residents to ...
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