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City awarded $1 million to provide targeted minor home repairs

The Federal Home Loan Bank of Des Moines today presented the City of Kansas City, Mo., and Central Bank of Kansas City with two grants totaling $1 million to support minor home repair assistance in targeted Kansas City neighborhoods. Mayor Sly James and Congressman Emanuel Cleaver, II accepted the grants on behalf of the City during a grant presentation ceremony at City Hall.

"This funding will be a great resource for many of our residents and will help beautify our neighborhoods," said Mayor Sly James. "Kansas City is a gem and these funds will help ensure that every house on every block reflects that."

The grant funding will provide essential minor home repairs – such as roof replacement, siding, painting and electrical repairs – to about 150 single family homeowners who reside in targeted neighborhoods and meet the Department of Housing and Urban Development’s Very Low Income (50 percent) guidelines.

One grant – or $500,000 – will assist homeowners residing in the Wendell Phillips, Washington/Wheatley, 23rd Street PAC and Santa Fe neighborhoods. The second grant – also $500,000 – will assist homeowners who live in the Hickman Mills/Ruskin, Vineyard and Middle Blue River neighborhoods.

“We’re focusing on these neighborhoods because housing condition studies conducted in 2000-2010 found that they have some of the worst housing conditions in the city,” said Roger Stewart, program supervisor in the Neighborhoods and Housing Services Department. “The houses were well-built, but delayed maintenance in these low income neighborhoods has created blighted conditions.”

The City’s Neighborhoods and Housing Services Department will administer the minor home repairs, and anticipates calling it the KC FHLB Minor Home Repair Program and launching the initial application process in early January 2014. The program will end in November 2015.

This is the third time the City has received housing improvement grants from the Federal Home Loan Bank of Des Moines. Through its “Strong Communities” program, the Federal Home Loan Bank of Des Moines annually returns 10 percent of its net income to support housing projects in communities throughout its district.

“This is the third time we’ve chosen Kansas City to receive grant funding, and they’ve done a great job of utilizing the grants for housing improvements in the past,” said Dan Clute, chief business officer for FHLB of Des Moines.

The Federal Home Loan Bank of Des Moines is a wholesale cooperative bank that provides low-cost short and long-term funding and community lending to nearly 1,200 members, including commercial banks, saving institutions, credit unions and insurance companies. The bank is wholly owned by its members and receives no taxpayer funding. The Des Moines Bank serves Iowa, Minnesota, Missouri, North Dakota and South Dakota and is one of 12 regional banks that make up the Federal Home Loan Bank system.


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