Home Site Search Contact Us Site Map
2002-11-19 Media Release - Local officials open Harrisonville senior’s complex  

Last update: 02/01/2008

 

About MHDC
Rental Production
Asset Management
Homeownership
Lender Resources
Realtors
Housing Trust Fund
Community Initiatives
More Programs
Media Releases

 

 

Release No. 2002-50
11-19-2002

Contact:  Brandon Laster, 816-759-6692

 

 

Local officials open Harrisonville senior’s complex


Harrisonville Mayor Kevin Wood and Cass County Commissioners Gene Molendorp, Jim Meara and Jon Seabuagh joined a large crowd to officially open the Hawthorn Estates Apartments in morning ceremonies held Nov. 18.  The 40-unit development for seniors, located adjacent to Wal-Mart off Highway 291 in Harrisonville, was developed by the West Central Missouri Community Action Agency.  (WCMCAA). The complex includes 28 one-bedroom apartments renting at $385 per month and a dozen two-bedroom apartments renting for $450 per month.

The affordable housing development was financed by the Missouri Housing Development Commission, the state’s housing finance agency, with a $1 million federal HOME loan at one percent interest for 30 years, a $2.1 million construction loan and $264,733 in state and federal Housing Tax Credits.  The USBank Community Development Corporation also helped finance the project.  The low-interest loans and Housing Tax Credits are designed to keep the cost of the development at a manageable level in order to keep rents low.

 

“We could not have undertaken such a massive task without the help of our partners,” said Amos Jackson, West Central Executive Director.  “It truly required a strong partnership with the community of Harrisonville, MHDC and USBank.  We are very happy to join these partners in celebrating this achievement.”

The complex includes a large community activity center and kitchen area with an on-site supportive services coordinator.

The Missouri Housing Development Commission was established by the 75th General Assembly in 1969. Since that time, MHDC has encouraged and assisted in the production of affordable rental housing and provided homeownership opportunities for thousands of families.

It has invested almost $4 billion in Missouri housing, covering every county of the state, for rental housing developments, home mortgages, home improvement loans, loans to landlords for renovations, grants to neighborhood housing groups and other programs.

MHDC does not build or renovate housing itself; rather, it functions as a bank, providing financing directly to borrowers or through a network of private lending institutions. Most of MHDC's programs operate as a public-private partnership.

 

###



 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 
   Home Up