The Kansas City Council took a significant step Thursday in an effort to ensure a supply of affordable housing for lower-income residents in the face of rising housing costs in the city.
The council voted unanimously to more clearly define affordable housing and to establish how much of the housing developers must create if they hope to get incentives for their projects.
The new ordinance would define as affordable any housing that would require a family earning the city’s median income of $47,489 to pay no more than 30 percent of its earnings. That comes to about $1,100 per month.
Also under the ordinance, developers would be acquired to make 10 percent of new projects affordable units.
The new definition will be important to doling out tax breaks and other support for new housing projects in the city. When developers seek incentives, their proposals are scored using a system that considers factors like job creation, access to public transit and affordable housing.
Read more: Kansas City Star