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Council approves agreements to build 36 affordable units using CDBG‑DOCTOR awards
Summary
The board approved development agreements enabling three 12‑unit projects (Cedar Ridge 2, Spring Creek Apartments, Fall Creek 3) that received CDBG‑DOCTOR funding. The projects will create 36 units; half the units will be rent‑restricted at 80% AMI and the remainder offered at below‑market rates. The board approved the agreements on first, second,
Debbie Shantz Hart, representing the affordable housing developer, reported the city had applied with the developer to Missouri DED for CDBG‑DOCTOR funds and was awarded three projects. The awards provide funding for three 12‑unit projects sited around the city (Cedar Ridge 2 adjacent to the developer—s Cedar Ridge project; Fall Creek 3 near Gulf View Drive; Spring Creek on an undeveloped parcel).…
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