Commission to decide millions in affordable housing funding Dec. 17

KANSAS CITY – The Missouri Housing Development Commission is scheduled to review staff recommendations for proposed affordable housing developments during its 10 a.m., Dec. 17 meeting at the Marriott Hotel Country Club Plaza, 4445 Main St., in Kansas City. The Commission is expected to formally approve those developments to be financed as part of the 2005 funding cycle.

MHDC administers rental housing production and preservation programs including the federal and state low income housing tax credits. Funds for rental production programs also consist of MHDC fund balances and federal "HOME" funds. At least 10 percent of HOME funds are set aside for Community Housing Development Organizations (CHDOs).

Staff has reviewed 111 recommendations submitted in October 2004, proposing developments in the following cities (numbers indicate multiple proposals for those locations):

A detailed list of developments proposed throughout the state is available on the Web at http://www.mhdc.com/.

Requested funding once again far exceeded the funds available.  Funding requested, and available include:

The Commission decision will be posted on the MHDC Web site as soon as possible after the meeting.

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MEDIA REPRESENTATIVES - The results of the meeting will be published on the MHDC web site http://www.mhdc.com/ as soon as possible after the meeting.  Media representatives who want to discuss the results with MHDC should contact Brandon Laster, Public Information Officer, prior to the Commission meeting via e-mail, fax or phone to set up a follow up call.  A formatted text document will be available for e-mail upon request.  Questions can be directed to Brandon Laster at 816.759.6692 or e-mail blaster@mhdc.com  .  NOTE:  Please do not release this contact information to the general public so we can be more responsive to the immediate needs of the news media on Friday, Dec. 17.

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