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2002-08-05 Media Release - Paige Point Apartments Open  

Last update: 02/01/2008

 

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Release No:. 2002-23
Date: August 05, 2002

Contact:  Brandon Laster, 816-759-6692

 

Paige Pointe offers affordable housing on old Fairyland Drive-in Theatre site

Ceremonies to open the Paige Pointe Apartments marked an historic milestone for the Kansas City community July 31. The 74-unit apartment complex, developed by the Kansas City Neighborhood Alliance, is located at the site of the old Fairyland Drive-In Theatre at 77th St. and Bruce Watkins, in Kansas City. The location was the scene for civil rights protests in the 1960s.

State Senator Mary Groves Bland and MHDC Commissioner Dwayne Crompton were on hand at the ribbon cutting.

In addition, Darwin Curls from U.S. Rep. Karen McCarthy’s office; Qiana Combs from Senator Jean Carnahan’s office; City Councilpersons Terry Riley and Becky Nace; Mayor Pro Tem Alvin Brooks; Donovan Mouton, Kansas City Mayor Kay Barnes’ Neighborhood Advocate; and representatives from several Kansas City community neighborhood groups were in attendance.

The complex includes 10 two-bedroom apartments and 64 three-bedroom apartments renting for $400 and $485, respectively.

MHDC provided a $2.84 million construction loan and also provided a $725,000 loan for 30 years. Fannie Mae provided an additional $725,000 loan for 30 years. The development received $600,000 in federal and state Housing Tax Credits.

As part of the Housing Tax Credit program, Paige Pointe Apartments is designed to maintain affordable housing for local residents. Income for the applicants cannot exceed certain amounts based on family size.
 


 

 




Men and women who participated in civil rights protest at the old
Fairyland Theatre were honored guests at the ceremony.

 


A youth choir from the Palestine Missionary Baptist Church of
Jesus Christ participated in the ceremonies.

 

 

 

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