The City of Wichita is looking for buyers for 57 homes under the city’s new Affordable Housing Fund. The fund was created to improve the quality of existing housing stock, expand affordable housing options, and promote neighborhood stability. There are 41 homes being offered in northeast Wichita, along Minnesota, Ash, Piatt and Madison streets, between 25th and 26th Streets. There are also 16 homes in southwest Wichita, in the area of Pawnee and Meridian. Bidders can purchase available units within these areas, propose a per-unit scope of work for necessary renovations, request up to $40,000 per housing unit for renovation, and they can request project based voucher assistance. Bidders will have to propose an affordable housing outcome for these homes, so they will have to make sure there is a qualified low-to-moderate-income resident to live in the home. Sarah Gooding with the city’s Department of Housing and Community Services said this is the renovation phase of the Affordable Housing Fund program, so the city will be looking for qualified applicants with experience in single-family housing rehabilitation or construction, and experience in working with local, state and federal funds or housing programs. The homes must be available as affordable housing for 15 years. The next phase will be the opportunity phase, to help income-qualified people in buying or renting these homes. More information on the program is available on the city’s web site at wichita.gov
Source: 101.3 KFDI
