Palmyra looking to build low-income senior housing
QUINCY (WGEM) - A proposed apartment complex aims to fill a void for senior housing in Palmyra.
The city is trying to build a new apartment complex for low-income seniors by replacing a building that’s been sitting vacant at 110 W. Main Cross St.
Palmyra Resident Robert Bowen thinks it’s a good idea.
“Anytime cities can repurpose a property is always a good thing because then it opens up the community to residents which will which will open up to more tax revenue,” Bowen said.
The apartment complex would feature 41 one- and two-bedroom apartments for low-income seniors.
Palmyra Mayor Rusty Adrian said the new apartment complex would greatly address Palmyra’s senior housing shortage.
“In the Palmyra area, we don’t have enough housing for anybody,” Adrian said. “We are hoping that a lot of the older couples and people could move probably out of their houses and come to this apartment complex. It will have full amenities. It will have transportation if needed. It will be secure.”
Developers with Roanoke Construction in St. Louis have applied three times for tax credits from the Missouri Housing Development Committee to pay for the $7 million project, but they have been denied each time.
They recently put in another application, and Adrian hopes they get approved this time,.
“We are hoping that things can get awarded this time and we can move forward here,” Adrian said.
The developers expect to hear back from the Missouri Housing Development Committee by Dec. 16. If they get approved, construction is expected to begin in about one year. It would take another year to finish.
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