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Nixon Announces Assistance to Address Joplin's Housing Needs

Jumpstart Joplin makes available $122 million in targeted resources for construction and rehabilitation of new housing

 

Jumpstart Joplin includes $122 million in targeted resources for construction and rehabilitation of new housing.  Most of the money would flow through the Missouri Housing Development Commission, which provides financial incentives to construct housing for low to moderate income residents.

Nixon wants $22 million to be made available soon.  $10 million of that would go to construction financing for developers, available upon approval from the MHDC...

“...We all know that those construction companies, those developers, are having a hard time getting access to capital—this assistance will help them.”

According to Nixon, the majority of the programs available through Jumpstart Joplin are existing programs...

“What we’re basically doing is we have spend the last four or five weeks analyzing these programs, working these programs to see how we can taylor existing resources and existing tools inside the commission to really come down here and help make a big difference.”

Nixon says the state will continue to do all it can to help Joplin recover...

“Quite frankly you have my promise that the state of Missouri will continue to stand with the people in Joplin and walk the long road of recovery together.  We will be with you every step of the way.  We are committed to rebuilding this community brick by brick from the ground up.”

Joplin Mayor Mike Woolsten says recovery is slow but ongoing.  He says the US Army Corps of Engineers estimates about 65% of debris has been removed, and the city is working to get all debris out by August 7th after which they would face financial penalties.  He’s optimistic the new initiative will help Joplin move forward...

“...I think it’s terrific.  Obviously, there’s going to be a financial need for a lot of folks in the area.  As I understand it, these are programs that are existing.  This money is available now that normally we would not be able to tap into simply because of our income level based on census tracks or population of the community it would not normally be accessible to us.  So, this is a great opportunity for us to take advantage of some programs that we might not otherwise have.”

Gov. Nixon expects Jumpstart Joplin to create thousands of construction jobs and pump millions of dollars into the state’s economy and the construction industry.  More information about the initiative and how to apply for funds is at mo.gov.