FOR IMMEDIATE RELEASE: June 18, 2015
Open House for KC’s first Est. KC Home this Weekend
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, invites first-time home buyers to visit the first Est. KC open house from 9 a.m. to noon this Saturday, June 20. The open house will showcase the first Est. KC home available for purchase and rehabilitation; the home is located at 2626 Tracy Avenue in the Beacon Hill Area.
Est. KC (Established in KC), is a new homeownership program which 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 offers 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. “The property at 26th and Tracy is ideal for college grads looking for a first-home in Kansas City, or for any first-time homebuyer who is ready to make a long-term investment in one of Kansas City’s developing neighborhoods.”
The KC Homeownership Initiative Program will be administered by the City’s Neighborhoods and Housing Services Department, Housing and Community Development Division. 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; applicants are encouraged to apply regardless of their credit history. The deadline for submission is June 30, 2015.
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 firstname.lastname@example.org or by phone at 816-513-3474.