New housing complex planned for Cassville

April 15, 2020
Sheila Harris
Cassville will soon see new, much-needed affordable housing. MidContinent Equity Holdings, LLC, a Missouri-based developer, plans to announce the ground-breaking date for a new apartment complex after engineering and survey work are complete.
Cassville Heights Phase II, a 32-unit complex which will offer 2 and 3-bedroom options, will be situated near the current Cassville Heights Phase 1 complex located on Smithson Drive. Common areas of the complex will include storage, a playground, a central office and community room, a cook-out area, and an on-site tornado shelter.
Cassville City Administrator, Steve Walensky, is excited about seeing plans for this complex come to fruition.
“I’ve been working with MidContinent Equity, the developer for this project, for the past four years,” he said. “Part of that time was spent preparing a presentation to bring before the Missouri Housing Development Commission to compete for housing grants made to rural communities. With a set amount of funds available for distribution, the competition for grant money was fierce.”
According to Walensky, Cassville was in the running with about 40 other towns in southwest Missouri. Part of his presentation involved detailing Cassville’s current housing shortage, as well as projecting the future housing demand.
“With the new job opportunities opening up in Cassville, including WinTech’s expansion into Cassville, the future medical marijuana dispensary and the growing operation, plus the new Cornerstone Bank, we’ll probably add about 60 people to Cassville’s work force over the next 18 months,” Walensky said. “Those people will all need a place to live. As things stand now, the waiting list for rental housing has been right at a year. Way too long!”
Walensky’s presentation was well-received and he’s pleased to announce that Cassville is a recipient of MHDC funds. They will cover a portion of the cost of the new complex, with the balance to be financed by MidContinent Equity Holdings, LLC.
MidContinent Equity extends its gratitude to the Cassville city council, city leaders and to the community for their support throughout the application and funding process. They will be accepting bids from MBE, WBE and Section 3 tradespeople for the project. Interested parties may contact them at 417-276-5404.
Sheila Harris
Cassville will soon see new, much-needed affordable housing. MidContinent Equity Holdings, LLC, a Missouri-based developer, plans to announce the ground-breaking date for a new apartment complex after engineering and survey work are complete.
Cassville Heights Phase II, a 32-unit complex which will offer 2 and 3-bedroom options, will be situated near the current Cassville Heights Phase 1 complex located on Smithson Drive. Common areas of the complex will include storage, a playground, a central office and community room, a cook-out area, and an on-site tornado shelter.
Cassville City Administrator, Steve Walensky, is excited about seeing plans for this complex come to fruition.
“I’ve been working with MidContinent Equity, the developer for this project, for the past four years,” he said. “Part of that time was spent preparing a presentation to bring before the Missouri Housing Development Commission to compete for housing grants made to rural communities. With a set amount of funds available for distribution, the competition for grant money was fierce.”
According to Walensky, Cassville was in the running with about 40 other towns in southwest Missouri. Part of his presentation involved detailing Cassville’s current housing shortage, as well as projecting the future housing demand.
“With the new job opportunities opening up in Cassville, including WinTech’s expansion into Cassville, the future medical marijuana dispensary and the growing operation, plus the new Cornerstone Bank, we’ll probably add about 60 people to Cassville’s work force over the next 18 months,” Walensky said. “Those people will all need a place to live. As things stand now, the waiting list for rental housing has been right at a year. Way too long!”
Walensky’s presentation was well-received and he’s pleased to announce that Cassville is a recipient of MHDC funds. They will cover a portion of the cost of the new complex, with the balance to be financed by MidContinent Equity Holdings, LLC.
MidContinent Equity extends its gratitude to the Cassville city council, city leaders and to the community for their support throughout the application and funding process. They will be accepting bids from MBE, WBE and Section 3 tradespeople for the project. Interested parties may contact them at 417-276-5404.