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Kansas Housing Resources Corporation reports surge in production after new state housing funds but warns key tax credit faces cuts
Summary
Ryan Vincent, executive director of the Kansas Housing Resources Corporation, told the Senate Commerce Committee KHRC has scaled statewide housing production since 2022—financing more homes and leveraging federal and private funds—but warned key state tax credits and some program funds are at risk of being cut.
Ryan Vincent, executive director of the Kansas Housing Resources Corporation, told the Senate Commerce Committee that new state housing development resources passed in 2022 and subsequent revolving loan and grant rounds have materially increased housing production in Kansas, but that some state and federal tools are at risk.
Vincent said KHRC administration and legislative investments have helped boost annual production from roughly 1,000 homes to nearly 5,000 homes per year (KHRC later cited cumulative figures of about 6,700 homes produced since the new resources were enacted). He said the total development budget for projects financed to date is about $1,700,000,000 and that the agency has leveraged federal resources, private investment and local dollars.
Vincent described specific state tools and recent funding: the Moderate Income Housing (MIH) program (2022 appropriation of about $62,000,000), a Kansas Housing Investor…
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