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Topeka committee reviews Affordable Housing Trust Fund RFP, outlines 20% cap and January RFP
Summary
The Policy and Finance Committee heard a presentation on the Affordable Housing Trust Fund: the city has just over $1.1 million available, awards will be capped at 20% of project cost as gap financing, and staff plans to publish an RFP in January after presenting to the governing body on Dec. 16.
The Topeka City Policy and Finance Committee on Dec. 11 heard a presentation from the Affordable Housing Trust Fund Committee outlining a planned request for proposals, scoring criteria and next steps for awarding grants or gap financing.
The presenter said the fund’s purpose "is to increase the amount of affordable housing that's available in the city of Topeka." The fund reached its initial $1,000,000 goal in June 2023 and, "because of the accrued interest," currently holds "just a little over $1,100,000," the presenter said.
Why it matters: the fund is intended to leverage other financing and reduce per‑unit costs by prioritizing higher‑density projects and…
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