FOR IMMEDIATE RELEASE: June 23, 2003
CONTACT: Donna Mandelbaum, Public Relations Coordinator, Department of Housing and Community Development, (816) 513-3014
Department of Housing and Community Development gets award
The Department of Housing and Community Development received the 2003 Department of Housing and Urban Development Best Practices Award for Planned Multi-Family Housing Development.
This award was granted by HUD’s Region VII office June 20, at a ceremony which was the culminating event of a week of presentations and bus tours of housing and community developments in Kansas City, Kan., and Kansas City, Mo.
The project, “Kansas City’s Planned Multi-Family Housing Developments,” showcases the economic and housing impact the department created through a change in housing policy. The change shifts the focus to create six leveraged medium to large-scale, multi-family housing developments in targeted areas.
The developments in the project include the residential redevelopments of the Chambers, Hanover, Finance, Dwight/Burnap, and former Board of Trade buildings in downtown Kansas City. These developments are loft apartments that are a part of the Mayor’s River Crown Plaza Housing Initiative and include funds from low-income tax credits, historic tax credits and other funding sources. Other developments in the project are the Twin Elms development along the Paseo Corridor, and the Vine Street Lofts development along Vine Street, east of downtown. The Vine Street Lofts is new structure while the Twin Elms plan included the demolition of the existing Twin Elms structure and the redevelopment of the land into multi-family, elderly housing.
The six multi-family developments, with 569 units of mixed income housing, resulted in the financing of $87.9 million in housing improvement costs. These projects were created using only 5 percent of the total development cost in CDBG and HOME funds. All the projects are located in target areas in Kansas City and are in various stages of planning and development.
For more information about the Department of Housing and Community Development, visit the department's Web page (http://www.kcmo.org/housing).