(KAIR)--The Atchison City Commission is supporting an effort to secure state assistance for a proposed 28-unit infill apartment development at several locations across the city.
Commissioners unanimously adopted the supporting resolution during Monday’s meeting, supporting applications to the Moderate Income Housing program, Kansas Housing Investor Tax Credit program and Revolving Loan Fund.
The project is being proposed by DCJP, LLC, a partnership between Justin Pregont, of Pomeroy Development, and Dustin Cox, of ARC Contracting.
“They’ve come together and put together this application for a multifamily housing project that would create 28 infill housing units, using quite a few of our former Land Bank lots, as well as a few other lots in town,” City Manager Mark Westhoff told commissioners.
Proposed locations include properties near Sixth and Santa Fe streets, Seventh and L streets and the west side of North Eighth Street.
Plans tentatively call for about two-thirds of the apartments to have one bedroom, with the remaining units containing two bedrooms. The buildings would each contain four apartments but would be designed to resemble duplexes or single-family homes when viewed from the street.
The development is expected to cost just over $4 million. Developers plan to seek up to $750,000 through the Moderate Income Housing program, $896,000 in Kansas Housing Investor Tax Credits and up to $1 million through the Revolving Loan Fund.
Moderate Income Housing funding would pass through the City of Atchison if awarded, but Westhoff said the city would not be required to provide matching funds or pay other project expenses.
“That does flow through, but there’s no expense. There’s no match. There’s no fee that the city has to pay or anything like that,” Westhoff said. “It’s a competitive program, and so not all applications are successful. The support of the city goes a long way to help those applications.”
Developers are also expected to seek an industrial revenue bond for a sales-tax exemption on construction materials and a Revitalization Housing Incentive District for property-tax relief. Those requests would return to the City Commission for separate consideration.
City documents say Atchison has not seen a newly constructed, middle-income or market-rate multifamily project of this size in at least 35 years.
