City seeking housing development partners for grant opportunity
Housing is a high priority in the City of Atchison’s 2020 Strategic Plan and the City is seeking developers, contractors, and investors to collaborate on an application to the Kansas Housing Resources Corporation (KHRC) for resources (grant and or tax credit funds) to assist in the development of new housing units in the Atchison market.
Governor Laura Kelly capped off the legislative session by signing two major bipartisan housing bills into law, representing a significant expansion of resources to support statewide housing development. The measures represent a combined $62 million in new housing resources, as well as initiatives to incentivize housing development. The City of Atchison is planning to sponsor one or more applications for funding in the November 2022 round of funding and planning efforts are beginning immediately.
Qualifying partners and projects must be aligned with the City of Atchison’s 2020 Strategic Plan, have thorough and well developed plans to create new housing units in the Atchison market (multi-family and/or single family), and partners must have prior experience in the development/construction business.
In order to partner in the creation of a successful application to KRHC, applicants must be prepared to provide detailed project plans, share financial information relating to the project and it’s partners, and meet all local and state building/fire/ADA codes and/or requirements. KHRC can provide powerful gap-filling resources to help make projects viable, but that also comes with additional layers of compliance and oversight. Potential project partners must be prepared to be transparent with the City of Atchison as the project sponsor and KHRC as a project partner.
Interested parties should contact Justin Pregont with Pomeroy Development (email@example.com, 913-367-9317) as soon as possible to begin the vetting and application process. Potential projects that have not made contact with the City of Atchison or their representative by July 1, 2022 will not be considered for this round of funding.
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