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2024 Development that Best Preserves Family Housing

Development: Keystone Family Homes

Developer: Knight Development Co

Location: Springfield, Mo.

2024 JTC Awards - DOD - Keystone Family HomesThe award for the development that best preserves family homes goes to the Housing Authority of the City of Springfield and Knight Development for Keystone Family Homes in Springfield, Missouri. Keystone is a scattered-site property with 297 apartments preserved through HUD’s rental assistance demonstration program. Each home features updated lighting, flooring, plumbing and energy-efficient appliances. All homes are affordable and 25% of the apartments are for those who earn 30% or less of the area median income. Project-based vouchers are available for all apartments. Keystone Family Homes provides on-site supportive services at no cost for residents. Redstone Equity Partners provided $12.4 million in low-income housing tax credit equity for the property.

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