Kansas City Housing Agency Progresses Under Receivership

Two critical projects of a key Kansas City housing agency — a student housing development for University of Missouri-Kansas City students in Beacon Hill and a nearby grocery store planned by Truman Medical Center — face challenges.

The federal judge overseeing the receivership of the agency said Friday that he is “encouraged” by the city’s progress in drawing up development plans for the agency’s properties.

U.S. District Judge Gary Fenner said things are on track for the Housing and Economic Development Financial Corp. to get out from under his control a year from now, meeting the schedule he set in January 2011.

The UMKC project relies on the Missouri Development Finance Board approving tax credits to build a parking garage, but the board’s staff has raised concerns about giving the incentive while the HEDFC still owns the property. Also, the MDFB rarely supports higher education projects.

Read more on Kansas City Business Journal.

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