ORDINANCE NO. 240413
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Sponsor: Mayor Quinton Lucas
Amending Chapter 2, Code of Ordinances, by repealing Section 2-1693, "Housing trust fund" and replacing it with a new Section 2-1693 of like title, for the purpose of providing the Housing Trust Fund Board more flexibility in scheduling proposal rounds and allocating funds by certain categories.
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WHEREAS, the City Council established a Housing Trust Fund ("HTF") through passage of Committee Substitute for Ordinance No. 180719 on December 20, 2018, to help implement neighborhood revitalization, housing development, and preservation projects; and
WHEREAS, on November 4, 2021, the City Council passed Committee Substitute for Ordinance No. 210873, As Amended, to establish procedures and policies for administering the HTF; and
WHEREAS, Section 2-1693(c)(1) requires a "bi-annual RFP process" for HTF applications/proposals; and
WHEREAS, the HTF Board believes it is not always in the best interests of the HTF to start another round of solicitation when the HTF balance is low between certain proposal rounds; and
WHEREAS, the HTF Board would like more flexibility through a requirement that the solicitation occurs "at least" once per year, as opposed to twice per year; and
WHEREAS, Section 2-1693(c)(3) mandates funding allocation minimum percentages to certain categories; and
WHEREAS, providing for a motion process for deviations will afford the HTF Board more discretion based on factors such as the number and quality of applications in a certain category; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That Chapter 2, Code of Ordinances, is hereby amended by repealing Section 2-1693, "Housing trust fund" and replacing it with a new Section 2-1693 of like title and subject matter, said section to read as follows:
Sec. 2-1693. Housing Trust Fund.
(a) Creation and Purpose. ...
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