|
In
January 2005, MHDC awarded Carlson Gardner, Inc. state and
federal low-income housing tax credits and state and federal
historic tax credits to fund the renovation and historic
restoration of three apartment buildings in Springfield,
Missouri.
Built
in the early 1900’s, the three buildings are located at 423 E.
Elm (Camp Manor Apts), 722 (Windsor Apts) & 728 S. Jefferson
(Pearl Apts). Included on the National Register of Historic
Places, the buildings have a standing history in the
community, long recognized for their contribution as part of
Springfield’s compelling inventory of intact early period
multiple-dwelling apartment buildings. Built over 80 years
ago to fill the housing demands for easy access to mass
transportation and commercial business interests, the
buildings stand today as a testimony of the continued need for
affordable, accessible, quality housing in the thriving
downtown of Springfield, Missouri. This project saves three
valuable resources before they deteriorate beyond repair.
The existing
structures will be converted into 12 Efficiency units with one
bath (approx. 570 square feet) at a rental rate of
approximately $300 per month and 40 one-bedroom units with one
bath (approx. 800 square feet) at a rental rate of
approximately $375-$395 per month. The rental rates include
water, trash and sewer paid. Each unit will have central
heating and air conditioning, dishwasher, garbage disposal,
range and oven, refrigerator, microwave, carpeting, and
mini-blinds. Every unit will be hard wired for Internet
access with service will be provided in paid utilities
by management to allow for a technology accessible
opportunity. In addition to modern, new units, the property
will provide a new landscaped community patio area for the
residents to enjoy a quiet place to relax. By utilizing our
already local, experienced management and maintenance staffs,
the property will be professionally managed, ensuring its
continued viability for many years to come.
Construction should begin in the late summer of 2005 and is
expected to be finished by July 2006.
|
