Ceremonies to mark opening affordable senior housing apartments in
Jefferson City
Local
dignitaries and Chamber of Commerce members joined the Housing
Authority of Jefferson City in reopening the Hyder Senior
Apartments at 1320 Linden in Jefferson City on May 4.
The
apartment complex includes 116 one-bedroom/one bath apartments
for seniors age 62 and above. The rehabilitation of the
building secures the Housing Assistance Program contract that
provides subsidized rents for all the residents. A 4,800 square
foot community center was also rehabilitated as part of the $7.8
million property acquisition and rehabilitation.
MHDC
Commissioner Gary Collins spoke at the event, emphasizing the
public-private partnerships and the Commission’s commitment to
the state’s seniors. “This complex is a great example of
public-private partnerships – no one organization can accomplish
what we have accomplished in rehabilitating these apartments.
The Commission continues its goal to provide the best housing to
Missouri seniors. For decades they have been the strength of
our state and they now deserve to live their lives with a sense
of dignity and an excellent quality of life that matches their
service over those years.”
The
rehabilitation work was accomplished through $3.825 million in
tax-exempt bonds issued by MHDC, a $1 million MHDC loan and
$196,475 in state and federal Rental Housing Tax Credits. US
Bancorp Community Development Corporation participated in the
financing. Other partners include Prost Builders of Jefferson
City, the Housing Authority of Jefferson City who serves as the
property manager and Rosemann & Associates architectural firm.
Apartment
community amenities include an on-site beauty salon, garden
plots and gardening supplies, Home Health Care services, and
some lunches provided through the Central Missouri Area for the
Aged.
The
Missouri Housing Development Commission has invested almost $4
billion for rental housing developments, preservation of
affordable rental housing, home mortgages, home improvement
loans, grants to neighborhood housing groups, and other housing
programs. MHDC functions as a bank, providing financing directly
to borrowers or through a network of private lending
institutions.
The Commission makes loans to non-profit and limited-dividend
sponsors of residential housing to provide affordable housing
for underserved Missourians. The Commission also makes funds
available for the purchase of homes for first-time buyers at
below-market interest rates. The funds for mortgage financing
are provided through the sale of tax-exempt notes and bonds that
the Commission is authorized to issue.
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