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Nixon announces $122 million for housing needs

Reported July 19, 2011 at 5:35 PM CST by Angela Greenwood:  Missouri Governor Jay Nixon announced this morning that $122 million in funding could be made available for the construction and rehabilitation of homes in both Joplin and Duquesne in an effort to help residents, as well as these community’s population.

“As I’ve said from day one I am committed to rebuilding this community as quickly as possible, so life gets back to normal as quickly as possible,” Governor Nixon says.  “This is basically the only housing market in America that needs more houses than it’s got, and the houses it has are worth more than they used to be, but we don’t have enough of them.”

To jump start the construction of new homes in the short and long term $122 million would be made available in the form of grants, loans, and tax credits.

“These are existing programs – we have a robust housing development trust fund, and what we’re doing is taking the resources they have and putting them here,” says Nixon.

About $10 million would come from the Missouri Housing Development Commission.  This would come in the form of construction financing assistance for developers and that will create thousands of jobs.

“I think it’s very important, obviously with the economy being what it is, a lot of contractors are probably running a tight operation and the financial ability that this will provide them and make it that much easier for them to come in and get started and get some housing going back up,” says Joplin Mayor Mike Woolston.

More importantly it would provide residents who lost everything with a new found hope while keeping Joplin’s population resilient.

“People are going to move to other cities because they have to unless they can start rebuilding and purchasing other homes,” says resident Nancy Jennings.

The first phase of the Jumpstart Joplin program would focus on rebuilding.  The second phase would focus on helping low and moderate income families purchase new homes.

For details on how to apply for some of this funding as well as program deadlines visit the State of Missouri Resource, Recovery and Rebuilding Center located at 705 Illinois Avenue in Joplin.  That information should also be posted soon on the MO.gov website.

Reported July 19, 2011 at 1:41 PM CST

News release issued by office of Missouri Governor Jay Nixon

JOPLIN, Mo. – Gov. Jay Nixon today announced a new $122 million initiative to address the pressing housing needs of families in the Joplin region due to the devastating May 22 tornado. Jumpstart Joplin will deploy targeted resources to support the immediate construction and rehabilitation of single-family owner-occupied homes as well as the long-term development of both single and multi-family homes for the city’s working families.

The Governor made the announcement today in Joplin at the State Resource Recovery and Rebuilding Center, where he was joined by business and community leaders.

“Since the May 22 tornado, we have deployed every available agency and resource to ensure that Joplin is rebuilt and brought back to normal as quickly as possible,” Gov. Nixon said. “Ensuring that residents, and especially families, have access to adequate, affordable housing is a critical part of that recovery process. Our initiative addresses both the immediate and long-term housing needs of this community, and the significant investment will help the city of Joplin continue to heal and recover.”

Jumpstart Joplin’s objectives include two major objectives: near-term housing recovery and long-term permanent housing development.

Near-term housing recovery will involve providing rapid deployment of state resources to support new construction and rehabilitation of single-family, owner-occupied homes in critical areas within the tornado’s path, and in areas not necessarily within the most severely-damaged areas. Approximately $22 million in funding is being made available for near-term housing recovery, including:

n  $10 million in construction financing assistance for developers, which would be available upon approval by the Missouri Housing Development Commission;

n  $7 million from the Neighborhood Preservation Program, through the Missouri Department of Economic Development;

n  $3.5 million in Community Development Block Grant funds;

n  $1 million in down-payment assistance through the Missouri Housing Development Commission; and

n  $600,000 for home repairs through the Home Repair Opportunity Program.

Long-term permanent housing development will include support for new construction and rehabilitation to facilitate community-identified long-term housing needs. The Governor is recommending that the Missouri Housing Development Commission modify its 2012 Qualified Allocation Plan to direct more than $100 million in state and federal Low Income Housing Tax Credits to the Joplin area to support long-term permanent housing development.

Gov. Nixon said that not only will this targeted investment address these critical housing needs in the Joplin region, it will create thousands of new jobs and pump millions annually into the state’s economy.

“Several thousand homes were destroyed or damaged by the May 22 tornado, and meeting the immediate housing needs of local residents is critical,” Gov. Nixon said. “We are committed that Joplin has the resources it needs to rebuild through the long recovery process, and the state of Missouri will continue to be with the area every step of the way.”  

For more detail on each available program, residents of the Joplin area are encouraged to visit the State of Missouri Resource, Recovery and Rebuilding Center located at 705 Illinois Avenue in Joplin. Information on each program can also be found on the state’s Web page, www.mo.gov.


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