KCRag Forum

Fire department called to Professional Building last night

http://www.kansascity.com/2013/08/09/44 ... lding.html

i'm told the residents haven't been allowed to come back yet and are being put up in hotels all over town, as far away as OP.

New retail tenant:

Tenants in downtown KC lofts forced to evacuate for at least two months

Water damage, power loss at Professional Building Lofts leaves residents demanding help

https://www.kmbc.com/article/tenants-in ... s/35654903

Are they trying to shed being public housing and go to market rate?

moderne wrote: ↑Sat Feb 27, 2021 10:33 am Are they trying to shed being public housing and go to market rate?

Checking the thread it appears it opened in 2006. Would the low income tax credits expire after 15 years?

DaveKCMO wrote: ↑Sat Feb 27, 2021 10:57 am

moderne wrote: ↑Sat Feb 27, 2021 10:33 am Are they trying to shed being public housing and go to market rate?

Checking the thread it appears it opened in 2006. Would the low income tax credits expire after 15 years?

I thought LIHTC requirements were 30 years, but perhaps not?

That’s awful for the people there. Is it normal for places to not require rental insurance?

Would not have saved them, but could have helped.

I had apartments for years without rental insurance.

lot of large landlords have boilerplate lease provisions "requiring" renters insurance but never do anything to make sure you have it (like require a COI). i assume an awful lot of tenants don't review all the terms of a 15+ page lease very carefully.

Every place I’ve lived at in recent memory has required me to show proof of insurance prior to move in and be listed as an interested party so they’d know if you cancel.

I’m sure it’s not the hardest thing to get around, but just surprised me to read.

Ive never had renters insurance

smh wrote: ↑Sat Feb 27, 2021 1:39 pm

DaveKCMO wrote: ↑Sat Feb 27, 2021 10:57 am

moderne wrote: ↑Sat Feb 27, 2021 10:33 am Are they trying to shed being public housing and go to market rate?

Checking the thread it appears it opened in 2006. Would the low income tax credits expire after 15 years?

I thought LIHTC requirements were 30 years, but perhaps not?

I think 15 years is the minimum compliance period possible depending on the deal.