Columbia Housing Authority receives final funding for Kinney Point development

Columbia Daily Tribune
·1 min read
The Columbia City Council awarded $2 million to the Columbia Housing Authority to build a 24-unit affordable housing complex at the northeast corner of Garth Avenue and Sexton Road. The complex will be called Kinney Point.
The Columbia City Council awarded $2 million to the Columbia Housing Authority to build a 24-unit affordable housing complex at the northeast corner of Garth Avenue and Sexton Road. The complex will be called Kinney Point.

The Columbia Housing Authority has received the final $3 million it needs to start construction on Kinney Point, a new 24-unit affordable housing complex at the northeast corner of Garth Avenue and Sexton Road.

The Missouri Housing Development Commission made the award of low-income housing tax credits Sept. 23, the housing authority announced Tuesday.

Construction on the development is expected to start in the spring.

"This funding award is the direct result of generous local support from the City of Columbia and the Veterans United Foundation," said Bob Hutton, housing authority board chair, in the announcement.

More:Kinney Point will bring a 24-unit affordable housing complex near Garth and Sexton in Columbia

The project is supported by a $1.3 million grant from the Veterans United Foundation, $2 million in HOME-American Rescue Plan funds from the city and $1 million in housing authority funds, in addition to the recent $3 million in tax credits.

Development of Kinney Point is part of the housing authority's five-year plan of expansion and improvements to its affordable housing stock, the announcement stated.

"(Kinney Point) could be a catalyst for our community to begin addressing homelessness and housing insecurity," Randy Cole, CEO of the Columbia Housing Authority, said during a February Columbia City Council meeting. "I think it could be a project that unites us."

CHA anticipates the units will directly impact over 400 individuals over the next 25 years, the announcement stated.

The housing authority also seeks low-income housing tax credits on its plan to rebuild aging housing along Park Avenue. An application was due the same day the authority was awarded the Kinney Point tax credits. The application received support from the Columbia City Council and the Boone County Commission.

This article originally appeared on Columbia Daily Tribune: Columbia Housing Authority's Kinney Point awarded $3 million