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  • AI Summarized - US Updates

    CRDA's Housing Initiatives Improve Chanute's Appeal Through New Builds and Renovations

    2024-04-02
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    Since its establishment in 2011, the Chanute Regional Development Authority (CRDA) has been adjusting its strategies to meet evolving economic development needs. Initially, the CRDA focused on Business Retention, Expansion, Recruitment, and Entrepreneurship. By 2024, it expanded its strategy to include Talent Development and Quality of Place initiatives.

    These new initiatives aim to develop local talent and improve Chanute's appeal as a place to live and work. This strategic shift responds to the changing economy and the need to attract and retain talent. The CRDA's goal is to keep Chanute competitive and appealing for both businesses and individuals.

    In 2019, the CRDA increased its focus on housing due to a decrease in Chanute's housing stock. To address this, the organization sought grant funding and secured a $500,000 Middle Incoming Housing Grant from the Kansas Housing Resources Corporation.

    This funding has led to significant improvements in the housing sector. It has been used to build 16 new houses, renovate 4 downtown apartments, and repair 3 existing homes. This represents a major investment in Chanute's housing sector.

    The Middle Incoming Housing Grant has helped moderate-income home buyers to build new homes. It has also addressed the problem of low appraisal values on new construction in rural areas. With 16 new homes built in 18 months, the CRDA's housing initiatives have been beneficial for the Chanute community.

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    This article has been enhanced with AI assistance. Agree to access AI-generated content by clicking here, or opt for content with less AI influence here.

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