Release No. 99-10-20
October 16, 2000

CEREMONIES MARK BEGINNING OF TRUMAN HISTORICAL DISTRICT REHAB

KANSAS CITY, Missouri -- Cohen Esrey Housing Partners mark the beginning of their 63-unit rehabilitation project in the historic heart of Independence with a ceremony at noon, Friday, Oct. 20. The project is designed to rehabilitate a mix of historic 1920s era brick apartment buildings and a former residential hotel in Independence. The buildings are located on two blocks adjacent to the President Harry S. Truman Home and located in the Truman Historical Preservation District.

The 63-unit rehabilitation project in the historic heart of Independence is financed through a $654,000 MHDC loan and $299,977 federal and state housing tax credit, along with an $854,783 Historic Rehabilitation Tax Credit, a $150,000 HOME fund loan from the City of Independence, and $250,000 of McKinney Act funds. Firstar Corporation is also a partner in the development

The apartments are surrounded by the Downtown's Historic Courthouse Square three blocks to the east, the RLDS Temple and Headquarters directly south and a National Historic Landmark residential neighborhood to the north and west. The development has the support of the city of Independence and the Midtown Truman Road Corridor Redevelopment Corporation. 

The Cohen-Esrey point of contact for the event is Mark Frankfurt, (816) 360-1411. Any further questions can be directed to Brandon Laster, MHDC Public Information Coordinator, (816) 759-6692.

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