ORDINANCE NO. 220700
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Enacting a new Code Section, 74-11, "Affordable Housing Set Aside;" directing the City Manager to develop a pricing sheet, provide priority consideration for certain projects, and provide an annual housing report to the Council; and repealing Ordinance No. 201038.
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WHEREAS, on January 28, 2021, the City Council passed Committee Substitute for Ordinance No. 201038, As Amended, requiring residential projects that seek certain economic development incentives to contain a minimum number of affordable units; and
WHEREAS, Committee Substitute for Ordinance No. 201038, As Amended, provided that project developers could, in lieu of providing the required affordable units, make a payment that would be allocated the City's Housing Trust Fund; and
WHEREAS, the Housing Trust Fund has proven an effective tool for supporting housing affordability for extremely and very low-income households, as evinced by Committee Substitute for Ordinance No. 220642, authorizing the expenditure of up to $7,953,360.00 for affordable housing support and projects; and
WHEREAS, the City has a continued need for additional affordable housing; and
WHEREAS, the Council recognizes the importance of encouraging affordable housing at a range of income levels throughout the City; and
WHEREAS, adjusting the calculation of the in-lieu fee and the definition of affordable housing will clarify the Affordable Housing Set Aside Program requirements and bring them in-line with other City programs; and
WHEREAS, the Council wishes to ensure that the City's Affordable Housing Set Aside Program requirements are easy to access and reference by codifying the process established by Ordinance No. 201038 and the base in-lieu fee; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That Chapter 74, "Kansas City Redevelopment Ordinance," is hereby amended by enacting...
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