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5408 Tracy Ave.

5408 Tracy Ave, Kansas City, MO, ,
Acquired
Construction
Renovation

Overview

  • Updated On:
  • February 24, 2025
  • 1,110.00 ft2
Project Impact
Homeownership

Description

Renovation of single family home for affordable homeownership.

  • Sold at below market rate, making it attainable for households earning $40k – $80k
  • Focus on investing in ‘once in a generation’ upgrades — including electrical, plumbing, roof and structural repairs; new HVAC and weatherization substantially reduces utility costs
  • Layout improvements: added full bath, upstairs laundry, expanded kitchen area
  • Deed restriction maintains affordability for future buyers

Household Support:

  • The future homeowner takes part in a customized homeownership preparation and budgeting program as they transition from renting to owning
    • Households benefit from a breadth of financial and ownership logistics support
    • Relationship continues after purchase to help weather life crises that may impact their ability to manage mortgage payments

Partners:

  • Below-market transfer from Rockhurst University
  • Rockhurst University volunteers
  • American Institute of Architect supplied as-is drawings
  • 10-year tax abatement via EDC

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