Clemens House Funds Get First OK from State Agency
February 15, 2010 - 4:06 pm
Staff at the Missouri Housing Development Corp. are recommending $828,000 in state and federal Low Income Housing Tax credits for a proposed rehab of the Clemens House mansion on Cass Ave. McKee’s McEagle Properties is partnering with Robert Wood Realty to turn the long-empty building in to 49 senior apartments. They also recommended $4.5 million in gap financing from leftover tax credits from previous years, and $7 million in tax-exempt bonds.