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2002-08-26 Media Release - Greenfield Estate Apartments open in Bernie  

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Release No. 2002-30
August 26, 2002

Contact:  Brandon Laster, 816-759-6692

 


Greenfield Estate Apartments open in Bernie

State Senator Bill Foster ceremoniously cut the ribbon to signify the grand opening of Greenfield Estate Apartments Aug. 22 in Bernie, Missouri. Approximately 40 community leaders, members of the Dexter Chamber of Commerce and state and local housing organizations were on hand to officially open the apartments.

Developed by the Delta Area Economic Opportunity Corporation and MACO Development Company of Clarkton, the 16-unit family apartment complex already has 100 percent occupancy and has begun providing affordable housing for local citizens.

The apartments were funded with a $500,000 USDA Rural Development loan and $34,606 in state and federal Low Income Housing Tax Credits. Five percent of MHDC rental production and preservation funding is set aside for collaborative projects with USDA Rural Development.

The development includes eight one-bedroom apartments renting at $290 per month and 12 two-bedroom apartments that rent at $335 per month.

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