Governor Laura Kelly today announced the launch of a new housing program for developers to help address the housing needs of communities across Kansas. The Startup Housing Opportunity Venture Loan (SHOVL) program provides funding to housing developers for expenses incurred before the closing of permanent financing for housing developments. “A shortage of quality, affordable housing is a barrier to economic growth and development throughout the state – and particularly in rural Kansas,” Governor Laura Kelly said. “Affordable housing is a vital component of recruiting and retaining workers, families, and entrepreneurs to help rural and urban Kansas thrive. We can’t capitalize on our record-breaking economic success if we don’t have affordable housing options for our workforce, and I’m pleased this new program will be another step in addressing this challenge.”
Source: Kansas Department of Commerce
