Monday, September 26, 2011

More housing in El Dorado

I hope everyone has seen the news about Butler's new dorms. But there won't be married student housing in them when they open next fall. Today I saw this announcement and following press release from Friday, Sept. 23:

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
Donna White
(202) 708-0685
FOR RELEASE
Friday
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.

For complete item, visit KNSS Radio.

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