Parade Park Homes
We are thrilled to announce that Twelfth Street Heritage Development and Flaherty & Collins Properties have been selected by HUD and the City to revitalized the Parade Park Homes. This $275M project is a monumental step towards continuation of revitalizing Kansas City’s East Side, introducing over 1,000 new housing units including , affordable, workforce and senior housing with the opportunity of homeownership for all income levels. It’s an exciting time to shape the future of our community!
#twelfthstreetheritage #ParadePark
JAZZ HILL APARTMENTS
Twelfth Street Heritage Development Corporation and Flaherty & Collins Properties have announced the groundbreaking of Jazz Hill, a 197-unit affordable housing community in Kansas City, Missouri. Jazz Hill will be a $35 million historic preservation of 11 buildings along The Paseo, a historic boulevard between Ninth and 14th streets in downtown Kansas City.
Jazz Hill was financed with 4% Low Income Housing Tax Credits from MHDC, Federal and State Historic Tax Credits and tax-exempt bonds from the PIEA. Merchants Capital is the LIHTC investor, and Federal Historic Tax Credit investor, construction lender and provided Freddie Mac permanent financing. Monarch Capital is the State Historic Tax Credit investor. Kansas City provided $4.12 million in CCED funds.
