Washington City officials Monday agreed to pen a letter of support on behalf of the developers of the second phase of a senior housing project.
Representatives with Affordable Equity Partners, Inc. (AEP), which is looking to develop Phase 2 of Riverbend Estates off High Street in Washington, requested that the city submit a letter to the Missouri Housing Development Commission (MHDC) stating the city approves of the plan.
Washington councilmen voted 5-2 in favor of a resolution supporting Phase II of Riverbend Estates. Councilman Jeff Mohesky and Mark Hidritch voted against the measure. Council Greg Skornia was not at Monday’s meeting.
Phase II would be up to 48 units located off High Street just south of Phase 1. The complex would contain one-to-two-bedroom units in three-story and ground level buildings. The look of Phase 2 would be similar to Phase 1, Chuck Pierce with consulting firm MOCAP Development LLC said.
“There will be two different models for senior housing,” he added. “It will be a good balance.”
Units in the first phase are expected to open next year. It includes 48 one- and two-bedroom units in 10 single-story buildings. All tenants must be at least 62 years old to live in the development.
According to Pierce the project provides both affordable housing to seniors and work for local construction companies.
“There are a lot of local contractors — about 50 percent of the construction budget goes locally,” said Pierce. “This will provide affordable homes and it is a hot in the arm to the construction business.”
Construction of the first phase is nearly 40 percent complete, AEP said. More than 50 people are on the waiting list for the development, so with the demand high, AEP said it was time to move forward with Phase 2.
The council voted twice to pass a resolution supporting the project — once in 2014, and again in 2015 after the Missouri Housing Development Commission (MHDC) initially denied the tax credits.
In 2014, Councilmen Mark Hidritch, Gregg Skornia, Jeff Mohesky and Jeff Patke voted against passing the resolution. Josh Brinker, Joe Holtmeyer, Walt Meyer and Steve Sullentrup voted yes. Mayor Sandy Lucy had to break the tie.
MHC approved the credits for the project in 2015. Construction on Phase 1 began last October.