$2.62 M Received for New Apartments for Seniors

Cal Ross, Executive Director of the Housing Authority of Paducah, received notification that the U.S. Department of Housing and Urban Development is awarding the Housing Authority $2,621,550.  The funding is due to the Housing Authority’s successful application to the Public Housing Gap Financing Capital Fund Recovery Competition.  Ross says, “I’m so happy we won it.  We are busting at the seams with excitement.”  Ross adds that this was a competitive grant application for stimulus funds with approximately 3000 other housing authorities.  Ross and Jackie Floyd, Home Ownership Coordinator at the Housing Authority, wrote the grant application and submitted it to HUD in June.

The funds will be used to build approximately 30 apartments for senior citizens on property across from the Parks Services Department on H.C. Mathis Drive.  Each apartment will be handicap accessible and will use green construction techniques.  The property is currently an open field and the former location of the Paducah Day Nursery.  The property used to be owned by the City of Paducah.  In anticipation of receiving this funding, on May 26, 2009, the Paducah City Commission approved an ordinance to swap property with the Housing Authority.  The Commission gave the property on H.C. Mathis Drive to the Housing Authority in exchange for property near the intersection of Martin Luther King, Jr. Drive and 14th Street.

Ross also thanks Paducah Bank for their partnership in this project.  Paducah Bank has pledged $800,000 in interim financing for construction.

The Housing Authority will advertise for requests for proposals to solicit architectural services within the next week.  Construction is planned to start on the apartments in 2010.

To date, the Housing Authority has received more than $4.5 million in federal stimulus dollars.  For more information, contact Cal Ross at 270-450-4225.