Congressman Cleaver Applauds Missouri Housing Development Commission Investments in Parade Park Homes Redevelopment Project

(Kansas City, MO) – Today, U.S. Representative Emanuel Cleaver, II released the following statement after the Missouri Housing Development Commission announced additional investments in the Parade Park Homes redevelopment project.

“After securing $15 million in federal funding to support the redevelopment of Parade Park, I’m thrilled that the Missouri Housing Development Commission has approved a package of federal and state support, including $6,575,000 in Low-Income Housing Tax Credits (LIHTC), $2,400,000 in HOME funds and $32 million in tax-exempt bond authority, demonstrating significant support for affordable housing.

“Whether at the federal, state, or local level, Missourians are demanding action to expand the supply of affordable housing so that we can lower costs for hardworking families. Parade Park is a perfect example of what we can accomplish when collaboration occurs between the public and private sector. 

“As the Ranking Member of the Subcommittee on Housing & Insurance, I will continue pushing bipartisan reforms like my HOME Reform Act to ensure more affordable housing projects like Parade Park can move forward in the months and years ahead.”

Since 2022, Congressman Cleaver has worked with HUD and local officials to stabilize Parade Park and chart a path to preserve affordable housing, ensuring the property was sold by HUD to the City of Kansas City for redevelopment last year. Following the City’s conveyance of the property to Twelfth Street Heritage Corporation, a non-profit, Rep. Cleaver has strongly advocated for additional investments to support redevelopment while ensuring it remains affordable to local and longtime residents. In January of this year, Rep. Cleaver announced $15,514,225 in federal grant funding through HUD’s Section 202 Supportive Housing for the Elderly Program which supports the development, rehabilitation, and acquisition of housing for low-income elderly persons. 

###

Emanuel Cleaver, II is the U.S. Representative for Missouri's Fifth Congressional District, which includes Kansas City, Independence, Lee's Summit, Raytown, Grandview, Sugar Creek, Greenwood, Blue Springs, North Kansas City, Gladstone, and Claycomo. He is a member of the exclusive House Financial Services Committee and Ranking Member of the House Subcommittee on Housing and Insurance.