{focus area of Mission: St. Louis grant application}
So $5M may be coming the FPSE and McRee Town from the federal Neighborhood Stabilization Program. I don’t have a clue what the organization’s chances are of being awarded the grant, but Mission: St. Louis is asking for comments. Of course they’re obligated to do this as part of the application process, but what do you think?
This may not be sexy and controversial like other issues in St. Louis that seem to elicit a multitude of passionate comments, but it’s a lot of money going to a very small non-profit which could have a significant impact on a quickly revitalizing part of our city. So what do you have to say?
Is 25 percent of new homes for tenants below 50 percent of the Area Median Income too much, too little? What impact will this have on a quickly changing neighborhood where the median income remains very low? Should FPSE south of Manchester and McRee Town focus on subsidized housing?
I hope to hear from a lot of you on this one.
Straight from the Mission: St. Louis website:
Mission: St. Louis is submitting a grant application for the Neighborhood Stabilization Program that came out of the stimulus bill, otherwise known as the American Reinvestment and Recovery Act of 2009. The information below is part of our Public Notice.
Mission: St. Louis is a community development organization and 501 ( c ) 3 serving the FPSE and McRee Town neighborhoods. Through a partnership with Lamb’s Bride Church and Justine Petersen Housing and Reinvestment Corporation, Mission: St. Louis is submitting a grant application for $5 million dollars to the US Department of Housing and Urban Development.
If awarded the Neighborhood Stabilization Program 2 Grant, the funds will be used to rehabilitate and construct new homes and residential properties, provide homeowner and tenant counseling, down payment assistance, rental assistance, and financial counseling services. The properties will be built or rehabilitated to the US Green Building Council’s LEED Certified standard or qualify for the National Association of Home Builders Green Building standards. At least twenty-five percent of the homes will be rented to income qualifying tenants below 50 percent of the Area Median Income. The remaining units will be available to a mix of income levels some of which will be subsidized housing.
Please send your comments to:
[email protected]
or
Mission: St. Louis ATTN: NSP2 Grant
4900 Reber Place
St. Louis, MO 63139
