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Council OKs revenue bonds and tax exemptions for two downtown affordable housing rehabilitations
Summary
The council unanimously approved letters of intent and resolutions to issue revenue bonds to support two scattered-site rehabilitation projects (Interdale/Marjoy) seeking low-income housing tax credits; developers said the deals rely on LIHTC and historic credits to be financially feasible.
The Wichita City Council on Dec. 2 approved resolutions closing public hearings and authorizing letters of intent to issue multifamily housing revenue bonds for two downtown rehabilitation projects aimed at providing affordable housing.
Troy Anderson, assistant city manager, described two linked applications from Interdale Marjoy Apartments LLC as part of a scattered-site low‑income housing tax credit (LIHTC)…
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