The South Hutchinson City Council heard a brief presentation Monday night on a new “workforce” rental housing development proposed for the city. Austin Parker … offered a PowerPoint of a similar project proposed for Benton, Missouri, that included 25 buildings composed of one- and two-bedroom units, with 99 apartments … The South Hutchinson development would start with 20 units, he said, offering one, two and possibly three-bedroom apartments “depending on what the market wants.” “The numbers are tentative, but a one-bedroom would probably lease for around $1,100 and a two-bedroom for $1,200 to $1,300,” he said. The group will seek city-issued low-interest, non-taxable Industrial Revenue Bonds for the development.
Source: Hutch News
