Hailey
Parade Park Homes, the historic housing co-op just north of 18th & Vine in Kansas City, is poised to shift from site work to vertical construction in 2026.
A new package of Port KC incentives—paired with City, federal, and sales-tax support—has tightened the Phase 1 capital stack, allowing the development team to lock pricing, finalize contracts, and mobilize for above-grade work next year.
The multi-phase plan delivers mixed-income housing, neighborhood retail, and green space designed to reconnect the site with surrounding arts and cultural anchors.
Scope, Phasing And Housing Mix
The redevelopment replaces aging co-op townhomes with a modern, mixed-income neighborhood that blends affordable, workforce, and market-rate homes.
Phase 1 targets a large first wave of apartments, townhomes, and flats—many income-restricted for households at defined Area Median Income (AMI) bands—while future phases bring total homes to roughly 1,085.
The vision also includes senior-friendly options, open space, and community-serving retail to strengthen daily amenities and support long-term stability.
How The Money Stacks Up
A layered financing package powers the project:
- City Support: A landmark Housing Trust Fund commitment—structured as a 0%-interest loan—anchors the affordability in Phase 1 and signals strong public backing.
- Federal Support: Dedicated funding for affordable and senior housing components improves long-term feasibility and rent stability.
- Sales-Tax Investment: A Central City Economic Development award helps close near-term gaps so Phase 1 can proceed on schedule.
- Port KC Incentives: The Port’s incentives improve the project’s pro-forma, enabling the move from design and site work to “go vertical” in 2026.
Funding And Timeline At A Glance
| Item | Amount/Detail | Status | Impact |
|---|---|---|---|
| Total Redevelopment | ~$300M | Advancing | Multi-phase, mixed-income rebuild |
| Phase 1 Scope | Hundreds of homes | Pre-construction | First delivery wave with affordability |
| Housing Trust Fund | $12M (0% loan) | Approved | Catalyzes Phase 1 affordability |
| CCED Sales-Tax Award | $5M | Awarded | Closes early phase funding gap |
| Port KC Incentives | Approved package | In place | Positions project to go vertical in 2026 |
| Total Homes (All Phases) | ~1,085 | Planned | Family, senior, affordable + market |
| Open Space | ≈26.6 acres | Planned | Parks and community space |
| Neighborhood Retail | ~10k–15k sq ft | Planned | Daily-needs services and activation |
Community Benefits And Equity
Parade Park is among the nation’s oldest Black-owned housing co-ops.
The rebuild preserves a right-to-return framework so current residents can move back into new homes as they deliver.
By expanding income-restricted options across multiple AMI tiers, the project advances housing equity, supports aging-in-place for seniors, and complements City initiatives reinvesting in the 18th & Vine corridor through streetscapes, parking, and cultural assets.
The result is a resilient, mixed-income community that honors neighborhood history while meeting today’s housing needs.
2026 Construction Outlook
With incentives aligned and early-phase dollars secured, the development team can finalize GMP contracting, lock materials and labor, and sequence podium, framing, and MEP trades to lift the first buildings above grade in 2026.
Initial occupancies are expected after core structural work, vertical circulation, and envelope milestones are achieved, keeping the project on a realistic, finance-able path to deliveries soon after.
Backed by Port KC incentives, City financing, federal support, and sales-tax investment, Parade Park is ready to move from planning to vertical construction in 2026.
The transformation delivers 1,000+ mixed-income homes, brings affordable options online faster, and strengthens the 18th & Vine ecosystem with new open space and neighborhood retail—turning a legacy site into a model for equitable reinvestment.