|Missouri Housing Development Commission|
> Rental Production and
The MHDC Rental Housing Production and
Preservation Program provides funding to developers for the acquisition and
rehabilitation or new construction of rental housing for low and moderate
income families. The MHDC funds are typically combined with Low Income
Housing Tax Credits to fund affordable multifamily housing developments.
Developers (for-profit and not-for-profit) are eligible to apply for financing. Applicants must demonstrate prior successful housing experience and engage the services of housing professionals; such as, architects, appraisers, attorneys, accountants; contractors and property managers with demonstrable multifamily housing experience. Developers must have the financial capacity to successfully complete and operate the proposed housing development. Proposed housing developments must meet a demonstrated housing need; provide housing for low and moderate income persons and families; demonstrate local support; and leverage MHDC funds with tax credits, other equity and/or rental assistance. In addition, all developments must be economically feasible.
Determined annually by MHDC.
For additional information contact Frank Quagraine, 816.759.7210.