Kirksville Council approves resolution in support of senior housing development
Mon, 25 Aug 2014 23:27:46 GMT —
Kirksville City Council held a special meeting early Monday evening.
There, Council members approved a resolution in support of TerraVest Development Corporation. That Corporation is planning to construct 60 units of income-based housing for residents 62 years of age or older. That development called Baltimore Meadows, would be located at 2203 North Baltimore Street. Now, the Development Corporation must submit an application to the Missouri Housing Development Commission, who would use tax credits to help finance the project.
"It is up to the developers now to complete their application, submit it to The Missouri Housing Development Commission, and it's up to the Commission to evaluate the application and determine whether it's worthy of being awarded," said Mari Macomber, Kirksville City Manager.
There is no set timeline for the completion of the project if the application is approved by The Missouri Housing Development Commission. TerraVest plans to submit the application for the funding by the end of the workweek.