COLUMBIA, Mo. (KMIZ)
Columbia City Council at its Monday night meeting approved the affordable housing funding agreement with the Housing Authority of Columbia and the Kinney Point Development Group.
The City Council approved the use of $2 million in HOME-ARP funds in the Kinney Point housing project to be developed at the northeast corner of Garth Avenue and Sexton Road, according to the council agenda. The City received the grant from the U.S. Department of Housing and Urban Development on Sep. 15.
Kinney Point project will include four 2-bedroom units, six three-bedroom units and 10 four-bedroom units, according to notes in the council agenda. The purpose of the grant and the housing project is to meet the needs of service toward homelessness by providing affordable housing, non-congregate shelter units, tenant-based rental assistance, or supportive services.
The initial application for the project included 24 units, but the Columbia Housing Authority will be adding 10 more units to their plan after the acquiring the former City of Refuge site, the agenda states.
Columbia Housing Authority CEO, Randy Cole said the total budget for the project is $11 million.
"We have $3 million in additional funds from the Missouri Department of Economic Development and then close to $5 million in funds in the Missouri Housing Development Commission, and another 1 million from the Veteran's United Foundation," Cole said.
The housing authority hopes to break ground on the housing project shortly after Jan. 1.
This project will be "first come, first serve" and reserved for people who have experienced homelessness, and Kinney Point will be tracking data on who would qualify for this specific housing. However, a preference is made for those who are elderly and/or disabled. The units will be high quality, energy efficient and hold washer and dryer units.