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Westside Apartments


Westside Apartments

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KCEF INVESTMENT FUND: KCEF 2007
OTHER FUNDING SOURCE(S): Tax Exempt Bonds, City of Kansas City Missouri, Greater Kansas City
Community Foundation,
NeighborWorks America
LOCATION: West side of Kansas City, Missouri
NUMBER OF UNITS: 75
UNIT MIX: studio, 1, 2 and 3 bedroom units
CONSTRUCTION TYPE: acquisition/rehab
TAX CREDITS TYPE: Federal and State Low Income Housing Tax Credit
TOTAL INVESTMENT: $2,377,268
TOTAL DEVELOPMENT COST: $5,171,102
DEVELOPER: Westside Housing Organization
PROPERTY MANAGER: Westside Housing Organization
CONSULTANT: LRG Consulting&Development
ARCHITECT: Hans Thomas&Associates, LLC
GENERAL CONTRACTOR: Straub Construction Company, Inc.
PERMANENT LENDER: US Bank
CONSTRUCTION LENDER: US Bank
LIMITED PARTNERSHIP NAME: Westside Apt. Assoc. L.P.
GENERAL PARTNER: Westside Preservation LLC
LIMITED PARTNER: Kansas City Equity Fund 2007 LLC
ACCOUNTANT Mayer Hoffman McCann
ATTORNEYS: Legal Aid of Western Missouri - Michael Duffy, The Martinez Law Firm - Robin Martinez, Polsinell Shalton Flanigan
Seulthaus PC - Jan Hetland

Westside Housing Organization's (WHO) mission is to develop, for homeowners and renters, new and rehabilitated housing which is decent and affordable in the Westside and other targeted neighborhoods. Westside Housing Organization organizes residents and other community stakeholders to address community issues and opportunities.

With major funding from the Kansas City Equity fund, WHO is pursuing its mission to develop affordable rental housing by completing a major renovation of 75 apartments and town homes in its portfolio. This renovation is vital to extending the economic life of the properties and to maintaining their affordability for the tenants. As of February 14, 2008, the project is 50% complete and is on budget and on schedule to be completed by early fall 2008.

Westside Housing Organization, Inc. was founded in 1973 and is the only community development corporation in Kansas City, Missouri that includes a significant focus on serving the Latino community. Since its inception, WHO has served residents of the Westside and affiliated neighborhoods through direct investment of more than $31 million dollars through the following key program areas: affordable, quality housing development (both rental and for-sale); community organizing and planning; and loan and grant resources that help individual homeowners make needed improvements to their homes.

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