COMMITTEE SUBSTITUTE FOR RESOLUTION NO. 210688
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Directing the City Manager to issue a Request for Proposals for a nexus study to evaluate the implementation of linkage fees on development within the City for the purposes of funding workforce and affordable housing and to evaluate and develop a development linkage fee program within the City.
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WHEREAS, the City Council established a Housing Trust Fund through passage of Committee Substitute for Ordinance No. 180719 on December 20, 2018, to help implement neighborhood revitalization, housing development, and preservation projects; and
WHEREAS, on June 20, 2019, by Committee Substitute for Resolution No. 190022, the City Council adopted the Five Year Housing Policy, which, among other things, set forth five Bold Ideas to include the creation/preservation of 5,000 additional single family and multifamily housing units by December 2023 and the creation of a $75 million catalytic housing development (trust) fund to create and preserve units; and
WHEREAS, on January 28, 2021, the City Council adopted Committee Substitute for Ordinance No. 201038, As Amended, requiring that projects which are primarily residential in nature and are seeking economic incentives in the nature of the capture and redirection, abatement or exemption of taxes or other City financing contain a minimum number of affordable housing units; and
WHEREAS, the City Council has an interest in incentivizing development of affordable and workforce housing projects; and
WHEREAS, the City Council recognizes the importance of continued development within the City; and
WHEREAS, the City Council adopted the City's stimulus spending plan "RecoverKC" on May 27, 2021, pursuant to Committee Substitute for Ordinance No. 210392, in which the City Council allocated $12,500,000.00 to the Housing Trust Fund; and
WHEREAS, persons of low and moderate income a...
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