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Commission commits $170,000 loan to 42-unit multifamily project; 12 units set aside for people exiting homelessness

2392263 · February 26, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Pittsburg City Commission voted to commit a $170,000, 1% low-interest loan to support a 42-unit multifamily project proposed by Vecino Group and Building Health Inc., including 12 units set aside for people exiting homelessness and an expected application for 9% low-income housing tax credits.

The Pittsburg City Commission on Feb. 25 approved a recommendation from the Economic Development Advisory Committee to commit a below-market loan of $170,000 at 1 percent interest to a proposed 42-unit multifamily development to be built adjacent to the Community Health Center of Southeast Kansas.

Developer Vecino Group and project partner Building Health Inc. presented the proposal to commissioners, describing a 42-unit building with 29 one-bedroom and 13 two-bedroom units. Project leaders said 12 of the units would be set aside for people exiting homelessness and would receive on-site supportive services provided by Building Health…

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