Housing trust fund

The Department of Housing and Urban Development (HUD) awarded a $3,144,833.37 Housing Trust Fund (CFDA 14.275) formula grant to the Kansas Housing Resources Corp on October 28, 2024. The grant is expected to be completed by October 27, 2031. The primary activities to be performed under this grant are the production, preservation, and rehabilitation of affordable rental housing for very low and extremely low-income households. At least 80% of the grant funds must be used for rental housing, with up to 10% allocated for homeownership assistance and 10% for administrative costs. The grantee, Kansas Housing Resources Corp, is a state government entity that specializes in managing and distributing federal housing grants across the state of Kansas, collaborating with local governments, community organizations, and public housing authorities to deliver affordable housing solutions targeting extremely low-income and vulnerable populations.