Up & coming affordable housing projects in Lawrence
The Kansas Housing Resource Corporation has just announced their 2024 Low Income Housing Tax Credits (LIHTC) awards. There are two projects happening in Lawrence that the City has been actively supporting since their inception. The City has worked to provide tax credits to help complete the financing these projects need in order to be viable. That means these projects can now start the development planning process and will likely start ground work in the next six months.Here are the two projects we can look forward to seeing in Lawrence:

• Bison Affordable Development, 3100 Michigan
  • 250 units
  • The city awarded Industrial Revenue Bonds this month to support this project, which are an economic development incentive that provide tax exemption for construction materials.
• Floret Hill, Bob Billings Pkwy
  • 121 units
  • The City has supported this development with both a land donation & Affordable Housing Trust Fund awards.
  • This project is a great example of a public private partnership, involving the City, Tenants to Homeowners, and Wheatland Investments.

Update on New Hampshire Street Lofts

The New Hampshire Street Lofts, an exciting new affordable rental housing development for residents aged 55 and over, is making fantastic strides. Flint Hills Holdings Group was awarded $300,000 through the Affordable Housing Trust Fund which is funded by the Affordable Housing Sales Tax.

This vibrant community will feature 49 affordable housing units, including three designated for individuals with disabilities and eight live/work units, and is set to be completed by the end of June 2025. The property management team is already accepting applications and building a waiting list for seniors eager to call the Lofts home. Plus, these units will remain affordable for an impressive 30 years, ensuring our community continues to thrive.

How can I track movement on affordable housing in Lawrence?Affordable Housing Advisory Board Meetings/Notes
Stay in the loop by attending Advisory Board meetings! These sessions are a great opportunity to hear updates, share your thoughts, and see firsthand how we’re making progress in affordable housing.

Dashboard
Check out our interactive dashboard here for real-time updates on affordable housing projects! It’s packed with information, so you can easily track the latest developments at your fingertips.

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