Media release – Jan. 17, 2003
49 affordable housing developments funded across the state
JEFFERSON CITY – The Missouri Housing Development Commission approved funding for 49 affordable rental housing developments as part of its Rental Production and Preservation Program on Friday, Jan. 17.
“These developments are not just bricks and mortar but represent homes for people,” said Gov. Bob Holden. “This funding will directly affect the lives of Missouri families and seniors from small rural towns all the way to large urban developments in Kansas City and St. Louis. It means more than 2,000 homes for low to moderate income families.”
The projects approved for funding by the Commission include developments in the following cities (numbers indicate multiple projects for those locations):
|
Bethany Bonneville Cabool Cape Girardeau Carthage Chillicothe Clinton Doniphan Farmington |
Jackson Jefferson City Kahoka Kansas City (6) Knob Noster Lamar Marshfield Mexico Nevada |
North Kansas City Park Hills Portageville Raytown Shelbina Sikeston Springfield St. Clair St. James |
St. Joseph (2) St. Louis – City (7) St. Louis County (3) Trenton (2) University City Willard Willow Springs
|
Detailed listing of funded proposals.
MHDC administers rental housing production and preservation programs including the federal and state Low Income Housing Tax Credits. Funds for rental production programs also consist of MHDC fund balances and federal HOME funds. At least 10 percent of HOME funds are set aside for Community Housing Development Organizations (CHDOs).
The Commission allocated more than $15.5 million in federal HOME loans and grants, almost $7 million in MHDC fund balance loans and more than $9.8 million in federal and $9.8 million in state Rental Housing Tax Credits. Additionally, $17 million in tax-exempt bonds will help finance rehabilitation of three large developments.
This year’s funding ensures that 2,039 units of housing stock will be available to families and seniors at affordable rents in the coming years.
###
Media representative questions can be directed to Brandon Laster, Public Information Officer, at 816.759.6692 or e-mail blaster@mhdc.com.
