HUTCHINSON, Kan. — While both Interfaith Housing and Disability Supports of the Great Plains were turned down for tax credits on two affordable housing projects, a third area proposal was approved. Investment Resources Corporation has learned that its application for assistance has been given the green light from the Kansas Housing Resources Corporation.
The developer will use those funds to expand the Commerce Gardens campus on East 11th. The expansion calls for 48 two- and three-bedroom units in four newly constructed buildings at a cost of about $5 million. The income subsidized apartment complex underwent a major renovation several years ago in which all existing buildings were razed and an entirely new complex was built.
Matt Catanese, Vice President with Investment Resources Corporation, says they hope to start construction in early 2020 with completion in 12 months. Catanese says the expansion will be much easier than the first phase of the project since all utilities are in place and no residents will have to be displaced during the work. Catanese says the waiting list is long enough that the units will be spoken for before they are finished.
The third proposal came from Disability Supports of the Great Plains, who wanted the funds to build an affordable housing project for persons with disabilities on land they already own on Waldron. The proposal included 20 units built in the form of duplexes and triplexes.