Johnson County could soon be investing in a new affordable housing complex in Shawnee. Next week the Board of County Commissioners (BOCC) will consider issuing a $1 million loan to support the construction of the Hedge Lane Apartments. The apartment complex is a joint venture between Sunflower Development Group and Consolidated Housing Solutions. The developers intend to create a 144-unit apartment complex near 75th Street and K-7 Highway in Shawnee. Because of rising inflation and additional costs for labor and materials, developers are seeking out a loan to cover a gap in project funding. If approved, the loan from the county would cover roughly 3% of the $30.5 million project.
Source: fox4kc.com | FOX 4 – WDAF
