ORDINANCE NO. 250454
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Sponsor: Director of Housing and Community Development Department
Accepting the recommendation of the Housing Trust Fund Advisory Board for additional funding in the amount of $550,000.00 to the Forest Hill Village project developed by Synergy Services located at 3500 Prather Road; reducing $550,000.00 in the Kansas City Housing Trust Fund in Account No. 26-2490-552045-619080; appropriating $550,000.00 to Account No. 26-2490-555996-619080-55FORHILLHTF; authorizing the Manager of Procurement Services to execute the necessary documents to amend the funding agreements and expend up to $550,000.00 from the funds appropriated in the Housing Trust Fund; and designating the Director of the Housing and Community Development Department as the requisitioning authority for Account No. 26-2490-552045.
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WHEREAS, on December 20, 2018, by Committee Substitute for Ordinance No. 180719, the City Council established the Housing Trust Fund to implement neighborhood revitalization, housing development, and preservation projects proposed by the City and in coordination with private developers that are undertaking projects in alignment with the City's Housing policy; and
WHEREAS, on November 4, 2021, the City Council passed Ordinance No. 210873 establishing the Housing Trust Fund Board to review applications, with reporting requirements, and funding allocation direction and prioritization of fund use; and
WHEREAS, on December 16, 2024, the Housing Trust Fund Board adopted a Budget Modification Policy in response to increases in construction costs and or supply chain disruptions, allowing previously awarded projects to make a one-time additional funds request; and
WHEREAS, Synergy Services proposed Forest Hill Village, an affordable housing development project at 3500 Prather Road converting 12.3 acres of land with an existing former elementary school into transitional housing for vulnerable, low-income families surviving ...
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