Housing Authority of the City of Columbia Board of Commissioners Meeting Agenda April 2026
Bear Creek Subject To MHDC Long-Term Use Covenant
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Description
Bear Creek Apartments remains subject to a long-term Land Use Restriction Agreement with the Missouri Housing Development Commission, mandating compliance with Section 42 low-income housing requirements for at least 30 years. The agreement governs rent limits, tenant eligibility, and ongoing compliance reviews.
Contract Details
Vendor
MISSOURI HOUSING DEVELOPMENT COMMISSION
Agency
Housing Authority of the city of Columbia, MO, MO
Contract Type
OTHER
Document Date
April 15, 2026
Contract Term
Minimum 30-year Land Use Restriction Agreement
Renewal Info
Land Use Restriction runs for at least 30 years and is not a typical renewable contract; it binds the property for the compliance period and extended use term.
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