From El Dorado Main Street
I am very happy to announce that El Dorado has been awarded the HOPE VI Main Street grant that we have been working on for over two years. Thanks to the partnership between the City of El Dorado,building owners and El Dorado Main Street; this grant will help revitalize two building which are in desperate need and located in the downtown. --Director Lindsey Baines
HUD No. 11-230
September 23, 2011
HUD AWARDS $500,000 TO REJUVINATE EL DORADO'S "MAIN STREET"
Funding will add a dozen affordable housing units to city's revitalization plan
KANSAS CITY, KS - The U.S. Department of Housing and Urban Development awarded the city of El Dorado a $500,000 grant today that will allow the city and its local partners to include affordable housing as it revitalizes its historic central business district or "Main Street."
The grant is provided through HUD's HOPE VI Main Street Program that gives financial support to small towns to ensure they have the resources to include affordable housing in their ongoing effort to revitalize older, downtown business districts.
El Dorado will use the funding to transform Ellet's Opera House and the Gish Building into affordable housing. Two developers - Gish Apartments, LLC and W&M Enterprises, LLC - formed WMS Partnership. The new entity will join the city and PKHLS Architects to oversee and design the construction of the new housing.
The project will create 12-upper-story, affordable one and two-bedroom housing units. Ten of the units will be reserved for low- to moderate-income residents. The remaining two units, one in each building, will be reserved for very low-income residents.
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