Community Builders Of Kansas City

TO CHANGE THE LANDSCAPE BY IGNITING AND FUELING EQUITY, ACCESS, OPPORTUNITY, AND ADVOCACY.

CBKC IS RESPONSIBLE FOR THE OVERSIGHT AND OPERATION OF NEARLY 650 UNITS OF SUBSIDIZED, AFFORDABLE, MULTI-FAMILY RENTAL HOUSING. THE DEMOGRAPHIC OF A SINGLE PARENT WITH CHILDREN COMPRISES 80% OF THE HOUSEHOLDS AT 8 OF THE 10 MULTI-FAMILY PROPERTIES. THE UNITS ACCOMMODATE THE NEEDS OF LOW TO MODERATELY LOW-INCOME RESIDENTS. ONE OF THE MULTI-FAMILY PROPERTIES ACCOMMODATES THE NEEDS OF LOW TO MODERATE INCOME SENIORS. ANOTHER PROJECT SERVES THOSE WITH SPECIAL NEEDS. OCCUPANCY LEVELS AT THE 10 MULTI-FAMILY PROPERTIES WERE GENREALLY MAINTAINED AT OR ABOVE 90% FOR 2023. CBKC'S RENTAL HOUSING HAS CONSISTENLY RECEIVED ABOVE AVERAGE RATINGS FROM THE MISSOURI HOUSING DEVELOPMENT COMMISSION. CONSTRUCTION OF AN ADDITIONAL 64 UNITS OF RESIDENTIAL HOUSING WAS COMPLETED IN NOVEMBER OF 2022. RENOVATION OF 80 DUPLEXES WAS COMPLETED IN 2023.

CBKC ALSO OWNS AND MAINTAINS A SHOPPING CENTER LOCATED IN AN AREA OF KANSAS CITY WHICH HAD NO GROCERY STORE OR OTHER SERVICES FOR THE COMMUNITY. CBKC ACHIEVED SHOPPING CENTER OCCUPANCY OF MORE THAN NINETY-THREE PERCENT (93%) AND THUS MAINTAINED SERVICES PROVIDED TO THE COMMUNITY DURING 2023. TODAY THE SHOPPING CENTER SERVES OVER 200,000 UNDERSERVED PEOPLE IN THE URBAN CORE. CBKC HAS CONTINUED WORKING ON CONTAINING OPERATING EXPENSES IN ORDER TO ATTRACT DESIRABLE TENANTS. DURING 2020, CBKC PURCHASED THE ASSETS OF A GROCERY STORE AND CONTINUED ITS OPERATION TO PROVIDE FOOD SOURCE TO THE COMMUNITY AS WELL AS JOBS TO APPROXIMATELY 50 EMPLOYEES. IN 2022, CBKC PURCHASED A SECOND GROCERY STORE WHICH ALSO EMPLOYS APPROXIMATELY 50 PEOPLE. CBKC ALSO OWNS AND MANAGES 85,000 SQUARE FEET OF OFFICE SPACE. CBKC HAS LEASED OFFICE SPACE TO A SIGNIFICANT NUMBER OF NOT-FOR-PROFITS THAT PROVIDE SERVICES TO THE SURROUNDING UNDERSERVED COMMUNITY. DURING 2019, CBKC TOOK INITIAL INTITATIVE TO ACQUIRE AND DEVELOP COMMERCIAL PROPERTY ON AN 11-ACRE BLIGHTED AND DISTRESSED AREA OF THE BRUSH CREEK CORRIDOR IN KANSAS CITY, MISSOURI TO IMPROVE AN UNDERSERVED COMMUNITY. IN 2023, CBKC INITIATED SITE WORK FOR THE 11-ACRE DEVELOPMENT INCLUDING INFRASTRUCTURE, PARKING AND ROADS.

TO DATE THE MOUNT CLEVELAND REDEVELOPMENT INITIATIVE HAS GENERATED A SUBSTANCE ABUSE TREATMENT CENTER; A 143,000 SQUARE FOOT FEDERALLY QUALIFIED HEALTH CENTER; A CHILD AND FAMILY DEVELOPMENT CENTER; EXPANDED OFFICE SPACE; RETAIL SERVICES AND 80 UNITS OF AFFORDABLE, VERY ATTRACTIVE DUPLEXES AND TOWNHOUSES ALL AS PART OF THE MOUNT CLEVELAND REDEVELOPMENT INITIATIVE. IT IS CLEAR THAT THE MOUNT CLEVELAND INITIATIVE CONTINUES TO SPUR THE REVITALIZATION OF THE URBAN CORE. CBKC CURRENTLY IS UNDERTAKING AN INITIATIVE TO IMPROVE THE BRUSH CREEK CORRIDOR BY DEVELOPING A 60,000/250,000 SQUARE FOOT CAMPUS LOCATED IN AN OPPORTUNITY ZONE. WITH AN INITIAL INVESTMENT OF $20 MILLION AND A PROJECTED BUILT OUT CAMPUS OF $70-$90 MILLION COMPRISED OF COMMERCIAL/MIXED USE PROPERTIES, THE INITIATIVE WILL TARGET AS TENANTS NON-PROFIT ORGANIZATIONS, FOUNDATIONS, AND PUBLIC SECTOR BUSINESSES THAT PROVIDE SERVICES AND EMPLOYMENT OPPORTUNITIES FOR THE URBAN CORE. AT THE END OF 2020, CBKC WAS AWARDED NOTICE OF LIHTC FUNDING FOR RENOVATIONS AT THE CLEVELAND. CONSTRUCTION IS GOING TO BEGIN NOVEMBER 2024 WITH EXPECTED COMPLETION DATE 1ST QTR OF 2026.