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Revitalization of Parade Park Homes Begins with Federal Grant

A vision for the transformation of Parade Park Homes showcasing modern designs.

News Summary

Kansas City has secured a $15.5 million federal grant to revitalize Parade Park Homes, a historic Black-owned housing cooperative. A significant redevelopment project will introduce over 1,000 new homes while ensuring current residents are not displaced. The initiative promotes a mix of affordable and market-rate units, enhancing living conditions in the East Side community. Completion is anticipated by spring 2031. This federal support, part of efforts to increase affordable housing, marks a vital step in preserving the community’s legacy while embracing modern advancements.

Big Changes on the Horizon for Parade Park Homes in Kansas City

Kansas City is buzzing with excitement as the city secures a $15.5 million federal grant aimed at breathing new life into the historic Parade Park Homes, a cherished landmark in the city’s East Side. Yes, you heard that right! This funding will lead the charge in transforming this once-vibrant housing cooperative, which has served generations of residents since its founding in 1963.

A Rich History with a Bright Future

Parade Park Homes stands as one of the oldest Black-owned housing co-ops in the United States, and it holds a special place in the heart of the 18th and Vine Jazz District. However, recent years haven’t been kind to the area, grappling with high vacancy rates and deteriorating living conditions.

The city took a proactive approach last fall when plans were announced for a substantial redevelopment project aimed at introducing over 1,000 new homes to the community. Excitingly, the existing residences will be replaced with a blend of mixed-use commercial spaces and new amenities along with different housing options that include market-rate and affordable units.

A Commitment to Residents

One of the key aspects of this redevelopment is that it ensures current residents won’t be displaced during the transition. The plans prioritize these residents for new units, allowing them the opportunity to stay within the community that they have called home for so long.

To give you a peek into what to expect, the entire redevelopment is estimated to cost in the ballpark of hundreds of millions—a significant investment that will unfold in phases, with the aim of completion set for spring 2031.

Federal Support for the Project

At the heart of this monumental change is the recent announcement of a federal grant from the Department of Housing and Urban Development (HUD). This funding comes through the Section 202 Supportive Housing for the Elderly Program, focusing on developing housing solutions for individuals aged 62 and older who have qualifying incomes.

This federal support has been hailed as a significant stride toward broadening access to affordable housing within the Kansas City community. Supporting this initiative are strides made by local officials, who have collectively decided to invest nearly $40 million in creating and preserving over 2,000 affordable homes since 2021. In conjunction with that, eight new projects worth almost $7 million are set to generate an additional 684 affordable homes in the area.

What’s Next for Residents?

Under the redevelopment plan, provisions are in place for low-income and senior housing. Notably, there are plans for 60 for-sale units to provide opportunities for homeownership among residents. Current tenants will be given priority based on their length of time residing in Parade Park, allowing them the chance to remain in the new developments if they choose to do so.

A dedicated relocation specialist will be available to assist residents throughout this transition, ensuring a smoother process as buildings are phased for demolition. Preliminary plans revealed to residents include guidelines on income limits and various housing types, sparking considerable interest within the community.

Engaging the Community

As part of the planning process, community feedback will be welcomed through upcoming meetings, providing everyone with a chance to voice their thoughts. Interestingly, some residents have expressed a desire to change the name of the complex, seeking a fresh start that reflects the new possibilities on the horizon.

While redevelopment is underway, developers are keen on balancing the rich legacy of Parade Park with modern advancements, collaborating closely with current residents. This partnership underscores the vital role that community involvement plays in shaping the future of Parade Park Homes.

With a commitment to history, a vision for the future, and a full-fledged plan in the works, Kansas City residents can look forward to witnessing a rejuvenation that honors their past while paving the way for a brighter tomorrow.