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
