KC apartments backed by incentives, caps numbers of units at 12.5%

The city's new policies place a 12.5% cap on how many of an apartment building's total units can be permitted for short-term rental, down from the previous 25%. It also prohibits new short-term rental permits for units that are in incentive-receiving properties and not occupied by a long-term resident. And it requires short-term rentals to be re-registered whenever properties' ownership changes hands.