Currently, downtown Kansas City features about 2,100 income-restricted apartments, meaning about 23 percent of the residential rental properties in the city’s core are guaranteed to be affordable to low-income residents.
That’s about to change, though, with more than 5,000 market-rate properties set to come on the market in the city’s center.
Very few of those will be income-restricted, meaning the percentage of low-income rentals near downtown will tumble to about 15 percent.
That poses a problem to low-income renters who require access to the city’s core.
It also highlights the actions of Gov. Eric Greitens, who late last year led a charge to cut $140 million in low-income housing tax credits. Supporters argue the credits incentivize developers to create low-income housing. Greitens said the program was “failing.”
Read more: Kansas City Star