Country Club Village I Apartments

1515 South Wildan Avenue

Springfield, MO 65804

Leasing Site:

http://www.countryclub-village1.com

Deal Type:
Acquisition/Rehab

Year Built:
1948

Acquisition Date:
2000

Last Renovation:
2001

Number of Units:
70

Tenancy:
Family

Country Club Village, consisting of two adjacent properties built in separate phases, is one of 14 Missouri properties POAH purchased in 2001. Country Club Village is located in Springfield, a city of 152,000 located in the southwestern corner of the state.

In order to preserve Country Club Village and the balance of the Missouri portfolio, POAH collaborated with the Missouri Housing Development Commission and others to craft a workable purchase plan. The financing package included loans as well as equity proceeds from the sale of Low Income Housing Tax Credits (LIHTCs).

The acquisition budget contained monies for select repairs and upgrades which at Country Club Village included new doors, windows, lighting, siding, roofs, gutters and smoke detectors.

Project Partners

Missouri Housing Development Commission (MHDC)
US Department of Housing and Urban Development (HUD)

Awards and Accolades

In 2002, POAH received the Missouri Governor's Award for Excellence in Affordable Housing for its Missouri portfolio purchase, including Country Club Village, for demonstrating “capacity to acquire and redevelop large and diverse portfolios of properties quickly and efficiently”.