FY2018 Funding Round 1
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1 FY2018 Funding Round 1 MHDC PERMANENT FINANCING & TAX CREDIT APPLICATIONS Public Hearing Information for Kansas City Kansas City, MO April 30, :00 PM Kansas City Public Library 14 West 10th Street Kansas City, MO Information reflected in this report was extracted directly from applications submitted by developers applying for Rental Production funding in response to the 2018 Federal 4% LIHTC NOFA and 2018 Federal 9% LIHTC NOFA dated December 19, 2017.
2 Oak Ridge Estates 405 N Clark Street Kearney, MO MACO Development Company, L.L.C. 111 N. Main Street Clarkton, MO J. Jason Maddox (573) Bedrooms: $360 - $500 Total Units: 44 Total Affordable Units: 44 $350,000 Federal LIHTC Requested: $790, The Reserves at Grove Terrace Intersection of Lawrence St. and North Grove Terrace Kearney, MO Gardner Capital Development II, Inc S. National Avenue, Suite 200 Springfield, MO Michael Williams - Brenda Brand (417) Bedroom: $409 - $ Bedrooms: $486 - $780 Total Units: 50 Total Affordable Units: 50 $1,500,000 Federal LIHTC Requested: $910, Sycamore Villas 402 S. Prewitt Nevada, MO MBL Development Co 9237 Ward Parkway Suite 310 Kansas City, MO D. Kim Lingle (816) Bedrooms: $475 Total Units: 32 Total Affordable Units: 32 $1,050,000 Federal LIHTC Requested: $535,000
3 Red Maple Villas 2607 S. Broadway Oak Grove, MO Bedrooms: $595 - $725 Total Units: 40 Total Affordable Units: 40 $1,400,000 MBL Development Co 9237 Ward Parkway Suite 310 Kansas City, MO D. Kim Lingle (816) Federal LIHTC Requested: $639, Woodbine Meadows 102 S. Woodbine Rd. St. Joseph, MO JES Dev Co., Inc. 206 Peach Way Columbia, MO Brian Kimes (573) Bedroom: $156 - $ Bedrooms: $182 - $759 $1,050,000 Federal LIHTC Requested: $956,894 Total Units: 48 Total Affordable Units: 46 Total Market Units: Granada Senior Apartments, LLC 115 Spring St. Belton, MO Acquisition/Rehab Senior 62+ Wallick-Hendy Development Company, LLC 160 W. Main Street, Suite 200 New Albany, OH Matthew A. Shoemacher (614) Bedroom: $640 Total Units: 42 Total Affordable Units: 42 $350,000 Federal LIHTC Requested: $599,358
4 Former Chick School Intergenerational Housing Development 5316 Jackson Kansas City, MO Brinshore Development, LLC 666 Dundee Road, Suite 1102 Northbrook, IL Todd Lieberman (224) Bedroom: $550 - $ Bedrooms: $650 - $ Bedrooms: $775 - $875 $300,000 Federal LIHTC Requested: $915,000 Total Units: 44 Total Affordable Units: 38 Total Market Units: Butler Meadows, LP 400 S Delaware Butler, MO Acquisition/Rehab Senior 62+ Red-Wood Development, Inc E 20th Street Joplin, MO Brett Mason (417) Bedroom: $405 Total Units: 80 Total Affordable Units: 80 Federal LIHTC Requested: $746, GardenWalk at Magnolia Ridge East Cooper Blvd. and South of Hawthorne Blvd. Warrensburg, MO Belmont Development Company, LLC 222 E. Main, First Floor Oklahoma City, OK Greg Rodewald (405) Bedroom: $425 - $ Bedrooms: $530 - $ Bedrooms: $635 - $960 Total Units: 60 Total Affordable Units: 45 Total Market Units: 15 $2,750,000 $400,000 Federal LIHTC Requested: $750,000
5 Gallery Lofts 1007 Armour Rd. North Kansas City, MO Gallery Lofts Developers, LLC Antioch Rd #101 Overland Park, KS Ryan Tull (785) Bedroom: $531 - $ Bedrooms: $681 - $1, Bedrooms: $779 - $916 Total Units: 48 Total Affordable Units: 32 Total Market Units: 16 $2,200,000 MHDC TCAP $1,100,000 Federal LIHTC Requested: $660, Saint Charles Place 3240 Pear Street St. Joseph, MO Senior 62+ Catholic Charities of Kansas City - St Joseph 4001 Blue Parkway Ste 250 Kansas City, MO Jarrod Sanderson (816) Bedroom: $157 - $ Bedrooms: $182 - $525 MHDC CHDO $1,385,000 Federal LIHTC Requested: $550,000 Total Units: 38 Total Affordable Units: Grandview Gardens Senior Apartments Approximately 6300 E 125th St Grandview, MO North Star Housing LLC E Pink Hill Road Grain Valley, MO Andrew Danner (816) Bedroom: $485 - $ Bedrooms: $570 - $820 Total Units: 38 Total Affordable Units: 34 Total Market Units: 4 $1,200,000 $400,000 Federal LIHTC Requested: $665,000
6 Evergreen Terrace 7925 N Spruce Ave. Kansas City, MO DLS Historic Developer IV, LLC 4510 Belleview Ave. Suite 300 Kansas City, MO Dale Schulte (816) Bedroom: $210 - $ Bedrooms: $231 - $715 $975,000 Federal LIHTC Requested: $923,727 Total Units: 50 Total Affordable Units: Somerset Manor 1092 NE Duncan Rd. Blue Springs, MO DLS Historic Developer IV, LLC 4510 Belleview Ave. Suite 300 Kansas City, MO Dale Schulte (816) Bedroom: $515 - $ Bedrooms: $575 - $685 Total Units: 42 Total Affordable Units: 42 $1,275,000 Federal LIHTC Requested: $832, Traditions Villas Northeast of the intersection of South Mullen Road and Sycamo Belton, MO Sallee Real Estate Investments, LLC 3730 NE Troon Drive Belton, MO Deb Giffin (816) Bedrooms: $525 - $620 Total Units: 32 $700,000 $900,000 Federal LIHTC Requested: $500,300 Total Affordable Units: 32
7 Trail Ridge Villas 200 yds east of US Hwy 169 and 300 yards north of Pickett Rd St. Joseph, MO O'Reilly Development Company, LLC 5051 S. National Ave, Suite Springfield, MO Denise Heintz (417) Bedroom: $408 - $ Bedrooms: $510 - $600 $750,000 $900,000 Federal LIHTC Requested: $539,000 Total Units: 36 Total Affordable Units: HRM Development, LLC (WBE) Sierra Villas Westwoods Business Park East of 402 E. Evergreen Ellisville, MO Cameron, MO Debra Giffin (636) Bedrooms: $400 - $590 Total Units: 32 $646,000 $900,000 Federal LIHTC Requested: $478,000 Total Affordable Units: Cornerstone Associates, LLC Cornerstone Apartments 209 S 19th St., Suite Riverfront Road Omaha, NE Kansas City, MO Bobbi Lucas (402) Bedroom: $448 - $ Bedrooms: $524 - $ Bedrooms: $594 - $983 Total Units: 60 Total Affordable Units: 60 $4,000,000 Federal LIHTC Requested: $855,000
8 Linwood Gardens 3218 Michigan Ave. Kansas City, MO Prairie Fire Development Group, LLC 770 E 5th Street Kansas City, MO Kelley Hrabe (816) Bedroom: $ Bedrooms: $ Bedrooms: $ Bedrooms: $850 Total Units: 32 Total Affordable Units: 32 Federal LIHTC Requested: $658, Alhaven Kansas City 3112 Harrison St. Kansas City, MO Alhaven Developers, LLC 305 W. Commercial Street Springfield, MO Blaine Proctor (417) Studio: $ Bedroom: $585 - $ Bedrooms: $679 - $719 Total Units: 50 Total Affordable Units: 50 $1,130,837 Federal LIHTC Requested: $806, Cameron Senior Patio Homes South West St. Cameron, MO Missouri National Guard Foundation 2302 Militia Drive Jefferson City, MO Lela Gruebel (573) Bedrooms: $285 - $550 Total Units: 34 $800,000 $400,000 Federal LIHTC Requested: $498,000 Total Affordable Units: 34
9 Mt. Cleveland Homes Cleveland, Mersington and M Kansas City, MO Acquisition/Rehab Swope Community Builders 4001 Blue Parkway, Suite 270 Kansas City, MO Shannon Hesterberg (816) Bedrooms: $690 - $860 Total Units: 80 Total Affordable Units: 71 Total Market Units: 9 MHDC Participation $2,200,000 Federal LIHTC Requested: $599, Brookside Senior Residences at Rockhill Greens Phase II 6710 Troost Ave. Kansas City, MO Flint Hills Development Group, LLC or affiliate to be formed single W. 12th Street Kansas City, MO Tim Schulte (913) Bedroom: $435 - $ Bedrooms: $520 - $830 $800,000 $575,000 Federal LIHTC Requested: $825,000 Total Units: 46 Total Affordable Units: 41 Total Market Units: Acquisition/Rehab Yarco Development Ridgewood Hills Apartments 7920 Ward Parkway 300 Ridgewood Ct. Senior 62+ Kansas City, MO Harrisonville, MO Michael T. Grube (816) Bedroom: $764 Total Units: 36 $195,000 Federal LIHTC Requested: $290,000 Total Affordable Units: 36
10 Vineyard Senior Apartments 4210 E. 45th St. Kansas City, MO Acquisition/Rehab Senior 62+ Yarco-Devco, LLC 7920 Ward Parkway Kansas City, MO Matthew Coates (816) Studio: $390 - $ Bedroom: $500 - $ Bedrooms: $650 - $880 $195,000 Federal LIHTC Requested: $685,000 Total Units: 44 Total Affordable Units: Wornall Estates Wornall Rd. Kansas City, MO Rehabilitation Yarco Development 7920 Ward Parkway Kansas City, MO Michael T. Grube (816) Bedrooms: $ Bedrooms: $899 $195,000 Federal LIHTC Requested: $257,000 Total Units: 30 Total Affordable Units: Legacy Parade Park Homes 1702 Brooklyn Ave. Kansas City, MO DowCon, LLC 3011 E. Meyer Blvd. Kansas City, MO Dolph Woodman (417) Bedroom: $ Bedrooms: $750 $600,000 Federal LIHTC Requested: $815,000 Total Units: 41 Total Affordable Units: 41
11 Ogelsby Hotel Apartments 3930 Troost Ave. Kansas City, MO Rehabilitation DowCon, LLC 3011 East Meyer Blvd. Kansas City, MO Dolph Woodman (417) Bedroom: $500 - $575 Total Units: 25 Total Affordable Units: 25 Federal LIHTC Requested: $350, Prospect Summit Olive and Prospect Avenue 22nd to 23rd Street Kansas City, MO Taliaferro & Browne Real Estate 22nd & 23rd Street LLC 1020 East 8th Street Kansas City, MO Leonard Graham (816) Bedrooms: $800 Total Units: 23 Total Affordable Units: 23 Federal LIHTC Requested: $536, Oak Park Townhomes 3801 Prospect Ave. Kansas City, MO Bedroom: $ Bedrooms: $820 Total Units: 29 Total Affordable Units: 29 $1,100,000 DowCon, LLC 3011 E. Meyer Blvd. Kansas City, MO Dolph Woodman (417) Federal LIHTC Requested: $750,000
12 Maple Ridge Cottages N. & W. of 75th Street and Maple Dr. Raytown, MO Bedroom: $ Bedrooms: $730 Total Units: 56 Total Affordable Units: 56 $1,800,000 Herman & Kittle Properties, Inc 500 E. 96th Street, Suite 300 Indianapolis, IN Brenda Haddad (317) Federal LIHTC Requested: $970, Ivanhoe Gateway at 39th - Horace Mann 2008 E 39th St. Kansas City, MO Ivanhoe Neighborhood Council 3700 Woodland Avenue Kansas City, MO Karen Boyd (816) Bedrooms: $505 - $580 Total Units: 40 Total Affordable Units: 38 Total Market Units: 2 $300,000 Federal LIHTC Requested: $965, Museum Hill Homes (formerly Oakridge Apartments) 1205 Angelique St. St. Joseph, MO Acquisition/Rehab Missouri Housing Partners, LLC 220 NW Executive Way Lees Summit, MO Lea Akert (816) Bedroom: $ Bedrooms: $ Bedrooms: $ Bedrooms: $809 Total Units: 98 Total Affordable Units: 98 Federal LIHTC Requested: $905,000
13 New Life Community Development Corporation New Life Villas Byard Road Byars Rd. Grandview, MO Grandview, MO Rick Bell (816) Bedrooms: $525 Total Units: 32 $425,000 Federal LIHTC Requested: $483,036 Total Affordable Units: Iceberg Development (under a to-be-formed developer entity) Warrensburg Apartments 2205 Kimberly Road Lot 6, Hawthorne Bettendorf, IA Warrensburg, MO Kurt Schulte (563) Bedrooms: $ Bedrooms: $ Bedrooms: $800 $850,000 $650,000 Federal LIHTC Requested: $745,000 Total Units: 40 Total Affordable Units: Rehabilitation Entrepreneurs Enterprises, LLC Madison Lofts 4741 Central St. # Madison Ave. Kansas City, MO Kansas City, MO Maximillian Howell (913) Bedrooms: $ Bedrooms: $934 $220,000 Federal LIHTC Requested: $87,500 Total Units: 6 Total Affordable Units: 6
14 Hawthorne Place Apartments E Dover Ln. Independence, MO Acquisition/Rehab Preservation of Affordable Housing, LLC 40 Court Street, Suite 700 Boston, MA Josh Barrett/Kevin Baptista (617) Bedroom: $579 - $ Bedrooms: $637 - $ Bedrooms: $835 - $958 MHDC Other $750,000 $750,000 Federal LIHTC Requested: $2,075,382 Total Units: 745 Total Affordable Units: 745
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