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