| Flint Hills Improvements, Inc. |
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| The Flint Hills Place public housing development was constructed in 1973. The development received several improvements over the years through the use of capital funding provided by HUD. However, due to the age, construction and normal wear and tear over the years, the development was in need of major renovations in order to ensure quality affordable housing, and to avoid a potential marketing problem with the construction of The Gardens at Flint Hills Low Income Housing Tax Credit (LIHTC) development on the adjacent tract of land. On February 10, 2006 the Manhattan Housing Authority submitted an application to the Special Applications Center of HUD to dispose of the land and structures which occupy approximately 7.5 acres at the corner of North Manhattan and Kimball Avenue to the Manhattan Area Housing Partnership (MAHP). The purpose of this request was to facilitate improvements to be financed through Low Income Housing Tax Credits (LIHTC) in the amount of $3,068,470; Permanent Loan (Horizon Bank) $495,000 and Deferred Developer Fees of $8,000, bringing the total project cost to $3,714,470. The improvements were designed so that, once completed, the existing units would blend with the new construction to have the appearance of one congruent affordable housing campus. With the addition of LIHTC units, the rent structure changed from 100% public housing to a 50/50 mix of public housing (income-based rent) and tax credit housing (fixed rents below fair market rents). This is commonly known as a ‘mixed finance development’. The Housing Authority continues to manage the property but has no ownership interest in the property. The Flint Hills Improvements, Inc. community consists of one, two, three and four bedroom units, all with one bath, except in the four bedroom units, which have two; the units are contained in triplexes and four-plexes, with a maintenance shop on-site. Amenities include an on-site office, common areas for residents, a resident computer lab, playground equipment, and a covered bus shelter. Two units (a one-bedroom and a two-bedroom) have been removed from the rent rolls to accommodate the office and computer lab space. A Host/Hostess and Groundskeeper reside on-site and are provided a deduction in their rent for monthly services. Applicants must be income eligible, meeting 80% of Area Median Income guidelines in addition to other screening criteria. The Manhattan Housing Authority deeded all property to MAHP on September 5, 2007. Improvements were completed in June of 2008. |
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| Click here for a Tax Credit Application |
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| Scope of Work |
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