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Commission signals no objection to KDFA issuance for Glenville Towers affordable housing
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Summary
The commission approved, by unanimous vote, a local non‑objection to the Kansas Development Finance Authority’s plan to issue approximately $17.5 million in multifamily housing revenue bonds to finance rehabilitation of Glenville Towers at 730 Nebraska Avenue.
The Unified Government commission voted April 16 to support a Kansas Development Finance Authority (KDFA) action to issue approximately $17,500,000 in multifamily housing revenue bonds for the Glenville Towers rehabilitation project at 730 Nebraska Avenue.
Deputy chief counsel Wendy Green explained the procedural role of the local governing body: KDFA notifies the local jurisdiction of a proposed private activity bond issuance so that the municipality may register support or disapproval. This action does not place the Unified Government on the hook for the bonds; instead the state authority would issue the financing for a developer proposing to rehabilitate an existing multifamily property as affordable housing.
Commissioners who spoke expressed support for the project’s potential to improve housing quality and neighborhood conditions. Commissioner Kump moved and Commissioner Davis seconded the non‑objection resolution; roll call was unanimous in favor.
Outcome: the resolution preserves the commission’s intent to approve KDFA’s issuance and does not represent Unified Government debt or a UG‑funded subsidy.
Next steps: KDFA proceeds with its internal approval and closing processes; the developer and KDFA will manage underwriting and compliance for the affordable‑housing program.
