City housing program moving forward
A Moderate Income Housing Grant Program project in McPherson took a step forward this week and the city entered into an agreement with a contractor for the construction homes.
This week the McPherson city commission approved an agreement between the city and Strawn Homes, Inc., to build houses related to the Moderate Income Housing (MIH) Grant Program.
The city received about $1 million from the Kansas Housing Moderate Income Housing Grant Program in December, designated for downpayment assistance for four homes. The city is required to offer a $51,600 match.
The agreement with Strawn states the company will construct five Single Family Homes, described for a base cost of $198,500 in the Eastlinks Addition to the City of McPherson.
Nine Kansas communities were selected for a combined total of almost $2 million to develop affordable housing for moderate-income families in the December grant awards.. The funding, made possible through the state of Kansas’ Moderate Income Housing (MIH) program, provides grants or loans to develop housing and support homeownership programs in cities or counties with populations of less than 60,000.
Combined with the amount leveraged by each community to support the proposed initiatives, the awards represent a total investment of $6.2 million and a net gain of 76 affordable, quality homes for rural communities across the state.
“A lack of quality, affordable housing is one of the greatest barriers to growth and development in rural Kansas,” said Ryan Vincent, Kansas Housing’s Executive Director. “The Moderate Income Housing program serves Kansans who don’t qualify for federal housing assistance yet struggle to afford market rate housing. This year alone, the MIH program saw a 33 percent increase in applications and a 57 percent increase in funding requests, demonstrating the ongoing and growing need for this crucial assistance.”