KC Reporter

Kansas City, Mo – Today, Kansas City Mayor Quinton Lucas expressed his satisfaction with the successful foreclosure sale of Parade Park Homes, a historic moment for the community. The property has been acquired by the City of Kansas City and conveyed to Flaherty & Collins Development and Twelfth Street Heritage Corporation, entities deeply rooted in the community and committed to preserving the significance of Parade Park Homes to Kansas City. Parade Park stands as one of the nation's oldest Black-owned housing cooperatives.

Mayor Lucas highlighted the importance of dignified housing and development in Parade Park, stating, "For my family and so many of our neighbors, I thank President Joe Biden, HUD Secretary Marcia Fudge, Congressman Emanuel Cleaver and all who worked with the City of Kansas City over the years to ensure we did right by Parade Park residents."

The $275 million Parade Park Homes redevelopment plan aims to introduce over 1,000 new units of housing, including affordable senior housing and homeownership opportunities for residents across all income levels. This initiative aligns with the commitment shared by Mayor Lucas's Administration, the Biden-Harris Administration, and the U.S. Department of Housing and Urban Development to provide quality and affordable housing for all Americans.

Following the successful sale, HUD's contractor Leumas Residential has transitioned property management services to Flaherty & Collins Management, Inc. The new ownership is set to engage with residents to establish new leases, with HUD authorizing Tenant Protection Vouchers (TPVs) for eligible Parade Park Homes residents starting March 12, 2024. Residents who do not qualify for TPVs will have the opportunity to access affordable units following the redevelopment process.