Mac Properties’ project denial foretells coming ‘affordability’ debate on KC multifamily incentives

When Kansas City enacted minimum affordable housing set-asides last year, the ordinance’s champions on the City Council described the policy as a common sense reform through which incentive-receiving multifamily projects could play their part in addressing an ongoing crisis.

And yet, officials recently brought an end to the first big development introduced in the ordinance’s wake — one that exceeded its median family income (MFI) mandates for 77 affordable units — as grassroots organizers found purchase with arguments that its rents remained out of reach for Midtown neighbors.’

To read the entire article go to the KCBIZ Journal.