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Deerfield Village Apartments

615 Airport Drive
Carthage, MO
Deal Type: 
Acquisition/Rehab
Year Built: 
1979
Acquisition Date: 
2000
Last Renovation: 
2000
Number of Units: 
60
Tenancy: 
Family

Located in Carthage, a city in Missouri's southwest corner very near the Kansas and Oklahoma borders, Deerfield Village represents one-third of the affordable family housing available to the approximately 15,000 residents. The property's rents have a long-term contractual subsidy which holds them at no more than 60% of the area's median income. Families are charged 30% of their household income as monthly rent.

Working closely with the Missouri Housing Development Commission (MHDC), the POAH team crafted a financing package which included tax-exempt bonds, equity from the sale of Low Income Housing Tax Credits, and a new mortgage from HUD. The property received a variety of building envelope upgrades to help control operating costs like heating and cooling and apartments were updated with new kitchen cabinets, flooring and paint.

Project Partners

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