We want to thank the organizations and individuals that helped to make the Apollo Towers Redevelopment Project possible.

Without the willingness of the Board of Commissioners of the Housing Authority of the City of Clay Center to take some risks and plunge into the unknown, we could not have accomplished this project.  The current Board of Commissioners include:

Bruce Wingerd

Ron Smith

Chris Schwensen

Michael Spielman

Sherri Edmundson

We also want to recognize Steve McMahan who served as our Board Chairman through two critical years in evaluation and fundraising for this project.

Another very important part of the success of this entire project is Cenertpointe Regional Housing Development, LLC.  They are the developer/advisor who supplied the expertise necessary to give the Housing Authority of the City of Clay Center the capacity to fulfill its obligations as the developer of this project.  Michael Bowen is the key individual for that organization along with Jim Hill and the Smitherman Law Firm, PC and Art Schuldt with Centerpointe.

This project would certainly not become reality with the drastic changes in the Low Income Housing Tax Credit market without Fred Bentley and the Kansas Housing Resources Corporation (KHRC).  They came to our financial rescue in the fall of 2009 with $3,684,166 through the American Recovery and Reinvestment Act of 2009 (ARRA) Tax Credit Exchange Program and Tax Credit Assistance Program.  We look forward to working with the KHRC throughout the next 30 years.

Thanks also go out to the United Bank and Trust for purchasing $454,000 in bonds for the project and for partnering with us to receive an award of $350,000 through the Federal Home Loan Bank Topeka through the Affordable Housing Program.  United Bank and Trust certainly showed their support for our community with this project.

We also want to thank the U.S. Department of Housing and Urban Development for all of their hard work in approving the Mixed Finance Project and property disposition necessary to complete the project.  They are also providing $186,184 in capital funds through the ARRA and an additional $416,000 in capital funds.

We appreciate Mayor Sharon Brown and the City of Clay Center Council for their support of this project and assistance with the bond financing of $454,000.

We also look forward to working with RPG Architect, Inc. and Oetinger Lloyd Construction in completing this project over the next 12 months.

The total cost of this project is $5,276,615.  This project will provide 24 2-bedroom and 27 1-bedroom updated apartments for very low to moderate income households in the Clay Center, Kansas area.