The Land Clearance for Redevelopment Authority (LCRA) has recently approved the proposed East Kansas City Urban Renewal Plan that will go to the City for approval later this month.
This new program is designed to reward positive investments in neighborhoods in the 3rd and 5th districts. Homeowners can have their property taxes frozen when they invest at least $5,000 in qualified improvements. Affordable housing projects with specific rent restriction requirements will be eligible for speedier processing, and projects that receive a letter of support will be eligible for incentives without financial analysis, which gives neighbors a stronger voice in what kinds of developments receive incentives in their communities.
Area boundaries are Cliff Drive on the north, I-435 on the east, Bannister Road on the south, and Troost Avenue on the west, including all properties directly adjacent to the west side of Troost. This Plan covers many neighborhoods that are not currently within an Urban Renewal Area.