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Planning commission housing committee hears developers and warns state tax credit cuts may reduce affordable housing production
Summary
The planning commission’s housing committee reported back that a recent developer panel highlighted financing challenges for affordable multifamily housing and warned that a recent reduction in the Kansas state affordable housing tax credit could sharply reduce production.
The Planning Commission’s housing committee reported to the full commission on a study session with multiple developers and one banker that focused on the challenges of financing affordable multifamily housing in Kansas.
The committee said the April 15 meeting included five developers and one banker with experience in multifamily projects in Topeka and elsewhere in Kansas. Presenters told committee members that the industry depends heavily on federal and state tax credit programs to make projects financially viable and that…
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