KCRag Forum

Guadalupe Centers Inc.(GCI) recently broke ground on a new affordable housing initiative, named “Guadalupe Apartments,” situated at 1616 Hardesty Ave, on the southeast corner of the Guadalupe Center school campus. This development, comprising 50 mixed-income one and two-bedroom units, will address the pressing need for affordable housing in the Kansas City community.

The construction is already underway and is expected to be completed by April 2025.
...

FangKC wrote: ↑Tue Apr 16, 2024 9:50 pm More houses might be placed on the market if there were targeted developments for rental and owner dwellings for seniors. They could take their cash from the sale and buy their new smaller home, so the interest rate issue might not apply to them.

Many seniors stay in large family homes. There might be only one or two living there and it's a 4-bedroom house. They pay all the maintenance and utility bills. Many stay because they don't want to leave a familiar neighborhood. If we created more small homes for them near their current home on transit routes, they might be more willing to give up a large house.

Many vacant residential lots are large enough to subdivide and place two small houses there. This minimizes large yards to maintain.

maison rustique wrote: ↑Wed Apr 17, 2024 7:43 am

FangKC wrote: ↑Tue Apr 16, 2024 9:50 pm More houses might be placed on the market if there were targeted developments for rental and owner dwellings for seniors. They could take their cash from the sale and buy their new smaller home, so the interest rate issue might not apply to them.

Many seniors stay in large family homes. There might be only one or two living there and it's a 4-bedroom house. They pay all the maintenance and utility bills. Many stay because they don't want to leave a familiar neighborhood. If we created more small homes for them near their current home on transit routes, they might be more willing to give up a large house.

Many vacant residential lots are large enough to subdivide and place two small houses there. This minimizes large yards to maintain.

Yes. As an elderly person who is now living alone in a 4 bedroom 3 1/2 bath home with a large lot, I am desperate to get unburdened from this place. My husband wasn't able to do anything around here for the 2 years prior to his going into memory care and I couldn't maintain it on my own. I'm trying to get downsized and packed so I can list it this summer, but when I look around for a place half this size, it is not easy. I must buy because due to the cost of my husband's care, if he lives more than about 3 years, he will be forced to go on Medicaid and they will take any money, but not my home.

Affordable housing for seniors (both rental and for sale) is a huge issue as more and more of us boomers require it.