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Commission OKs first amendments to moderate-income housing grant agreements for 48-unit project
Summary
The commission authorized the mayor to sign first amendments to a moderate-income housing grant agreement with Garden City Partners 1 LLC and a companion amendment with the Kansas Housing Resource Corporation reflecting a re-scoped 48-unit project at 1801 Palace Drive.
The Garden City Commission on June 17 authorized the mayor to sign first amendments to a moderate-income housing (MIH) grant agreement that revise the scope and developer for a planned affordable housing project at 1801 Palace Drive.
City staff said the original proposal — submitted in 2023 — contemplated 62 units and was awarded $2,000,000 in MIH ARPA funds plus $1,200,000 in Kansas housing investment tax credits (KHITC). The developer changed: the current development team is Garden City Partners 1 LLC with Perry Construction anticipated as the builder, and the project has been scaled to a 48-unit phased development. “While this project has been scaled back, there is sufficient space on the property for future phase of the project,” staff said.
Staff and the city attorney drafted amendments reviewed by the developer and the Kansas Housing Resource Corporation (KHRC). Commissioners asked staff to confirm the tax-credit number; staff clarified the KHITC amount is $1,200,000. Staff told the commission that KHRC has been engaged and that its priority is to see construction begin quickly so that excavation permits and building permits can follow.
The commission voted to authorize the mayor to sign the first amendment to the grant agreement with Garden City Partners 1 LLC and separately approved a companion first amendment to the grant agreement with the Kansas Housing Resource Corporation. Staff said there is no fiscal impact to the city from signing the amendments as presented.
