Opening celebrates re-opening of senior apartments in Clinton

Local dignitaries and residents joined the development group of KP Partners, The Craigmont Corporation and William Young for a special ribbon cutting ceremony celebrating the opening of the newly renovated Kenton Place apartments at 1101 Ohio in Clinton Dec. 9. The 71-unit senior apartment complex has been rehabilitated through Missouri Housing Development Commission (MHDC) financing. The complex, rehabbed by CP Developers, includes 71 one-bedroom units renting for $378 per month.

MHDC financing includes a $1.2 million MHDC loan at 1 percent for 20 years and $250,000 in federal and state Rental Housing Tax Credits. KP Partners was the Contractor for the rehab work and Hedeen Architects did the design work. The apartments are being managed by Young Management Corporation.

MHDC is the state's housing finance agency. The Commission is dedicated to strengthening communities and the lives of Missourians through the financing, development and preservation of affordable housing.

The Commission was established to provide affordable housing to Missourians with lower incomes, but it also offers opportunities that assist people to become self-sufficient. By creating jobs, involving communities, eliminating barriers, and enabling Missouri residents with low and moderate incomes -- especially those in distressed areas -- to become more independent, MHDC is helping to make Missouri a better place to live.
 

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If you need to contact the developer directly, call Jean Stauch, 913.947.3131 or Jason Lundgren,
Director of Marketing, Young Management Corporation, Bucyrus, Kansas; 913.947.3131, 913.947.3199 (fax)