Westport High School Redux Financed By HUD: Kansas City Housing Hot Mess In The Making?!?

Forgive our skepticism regarding federally financed housing.

And yet . . .

Apropos for #TBT . . . Chuck D taught us that "project" is just another word for experiment . . . Here's why the money for this slew of housing should spark a bit of concern . . .

After awaiting final financing approvals for close to a year, the team in late March closed on a $27.2 million construction loan from New York-based Dwight Capital LLC, backed by the U.S. Department of Housing and Urban Development, according to Jackson County property records.

Read more via www.TonysKansasCity.com link . . .

Dwight Capital Lends $27M on Mixed-Use Build at Kansas City School

Dwight Capital has closed on a deal supplying $27.2 million of U.S. Department of Housing and Urban Development (HUD)-backed construction financing for a planned mixed-use multifamily development at a former high school site in Kansas City, Mo., Commercial Observer has learned.