Kirksville City Council to hold special meeting to discuss housing development
Thu, 21 Aug 2014 21:05:01 GMT —
The Kirksville City Council is holding a special meeting Monday to review plans for a new housing development.
If approved, the apartment complex would be located at 2203 North Baltimore Street. TerraVest Development Corporation wants to construct 60 units of income-based housing for residents 62 years of age or older.
If the council does approve the construction of the apartments, eligible tenants would have to make less than $25,000 a year. The complex would be known as Baltimore Meadows. TerraVest would use tax credits from the Missouri Housing Development Commission to help finance the project.
The talk of a new housing development in Kirksville sparked concerns from community members at this week's council meeting. A number of private landlords and builders were in attendance. Those landlords and builders oppose the project because they see corporations like TerraVest as competition because they use tax credits for funding. Those individuals either building or renting, argue they would lose money due to those corporations.
The City Council will hold an open meeting on the 25th to come to a decision on the matter. Residents are welcome to come voice their opinions. That meeting will begin at 4:30 Monday afternoon at Kirksville City Hall.