News Release/News
Advisory/Request for Coverage – December 15, 2006
Four DREAM Communities
Receive Housing Funding
Missouri Housing Development
Commission approved funding for four DREAM city housing
developments during their meeting Dec. 15 in Jefferson City.
Housing proposals in
Kennett, Neosho, Sedalia, and St. Joseph were approved as part
of the 2007 affordable housing development funding by the
agency. Each of the cities were selected to participate in
Governor Matt Blunt’s Downtown Revitalization Economic
Assistance for Missouri or D·R·E·A·M initiative.
D·R·E·A·M Initiative is a
comprehensive, streamlined approach to downtown revitalization
that provides a one-stop shop of technical and financial
assistance for select communities to more efficiently and
effectively engage in the downtown revitalization process. The
new initiative created through a partnership of three
development agencies: the Missouri Department of Economic
Development, the Missouri Development Finance Board, and the
Missouri Housing Development Commission.
Development projects
approved for funding include:
·
San Regis Apartments
in St. Joseph – rehabilitation of 40 family housing units.
·
Lincoln-Hubbard Apartments
in Sedalia – conversion of a former elementary school into 38
units for senior citizens.
·
Ely-Walker Apartments
in Kennett – conversion of the Ely & Walker Dry Good Company
factory building into 46 family units
·
Newton Place in Neosho
– conversion of the former Newton Hotel into a 15-unit elderly
housing development.
Housing development projects
in three other DREAM communities were approved during the 2006
funding cycle in Hannibal, Washington and Excelsior Springs.
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