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Twin Elms/41 Paseo East

Twin Elms/41 Paseo East: Meeting the Demand for Senior Affordable Housing

Facility At a Glance

Anticipated Completion Date

December 31, 2024

Current Status

In Construction


In an effort to continue investing in economically distressed communities across the KC metro, the project team led by Community Builders of Kansas City is reinvesting in the Twin Elms/41 Paseo East development by updating existing facilities with 54 new affordable housing units for seniors. The expansion includes numerous interior and exterior renovations in line with the art deco design, as well as community, nutrition, finance, and employment support that adheres to Missouri Housing Development Commission service parameters.

The development is located near key Kansas City nodes, including Country Club Plaza, the Nelson-Atkins Art Museum, and downtown Kansas City. Residents are within walking distance of RideKC's Prospect MAX Bus Rapid Transit line, which offers efficient transportation between downtown and 75th Street.

  • Expands low-income senior living in the urban core
  • Prioritizes access to nearby Bus Rapid Transit for residents

DEVELOPMENT & CONSTRUCTION IMPACT

Transit Infrastructure Benefits

New fully integrated bus shelter near the facility

Additional Benefits

Access to existing surface parking

Total Facility Cost

$10,600,000

Total Number of Housing Units

54 affordable housing units

ECONOMIC IMPACT

Tax Revenue Before

Kansas City Public Schools only: $6,858

Municipal Jurisdiction

Kansas City, MO 3rd District

Tax Revenue After

All Tax Jurisdictions: $41,416

Ridership Projections

58,428 to 78,894 annual riders

Short-term Economic Impact:

Strategically activates unused land to address housing demand.

Participating Organizations

KCATA:
Finance Partner and TOCD Consultant

Goverment:
KCMO Housing Trust Fund; Central City Economic Development (CCED) Sales Tax District; U.S. Department of the Treasury New Markets Tax Credit Program; Missouri Housing Development Commission LIHTC

Developer:
Community Builders of Kansas City / 41 East Paseo LLC