FOR IMMEDIATE RELEASE: June 9, 2015
City establishes Homeownership Initiative Program
Est. KC helps first-time home buyers with pay-back
The City of Kansas City, Missouri, in partnership with the Kansas City Missouri Homesteading Authority, has launched a new Kansas City Homeownership Initiative Program. The program, Est. KC, identifies homes in Kansas City that are in need of rehabilitation and assists first-time home buyers who are interested in purchasing and rehabilitating the home. Est. KC offers a special homeownership annuity to program participants. After five years, home owners will be eligible for up to $12,000 in approved financial reimbursements which can be used for spending related to family goals such as payment for college loans, or application to the home-loan balance.
“Est. KC is a unique opportunity for first-time home buyers to rehabilitate and create a home in Kansas City,” said John Wood, Director of Neighborhoods and Housing Services. “One great feature of the program is the ability to get help paying back college loans, or other family-related needs.”
The first Est. KC home available for purchase is located at 2626 Tracy Avenue in the Beacon Hill Area. Applications and the application checklist are now available. An open house to showcase this home will be held on June 20 from 9 a.m.-noon. The deadline for application submission is June 30, 2015. The KC Homeownership Initiative Program will be administered by the City’s Neighborhoods and Housing Services Department, Housing and Community Development Division.
Additional information regarding the home loan application can be found online or by contacting Coleman McClain at 816-513-3008.
Media inquiries should be directed to City Communications Director, Chris Hernandez, by email at email@example.com or by phone at 816-513-3474.