The City of Raytown and Builders Development Corporation (BDC) will be welcoming United States Congressman Emanuel Cleaver and officials from the State of Missouri for a ribbon cutting ceremony for two new homes that have been constructed at 5420 and 5424 Laurel Avenue. The ribbon cutting ceremony and open house event will be held from 10:00 a.m. - 11:00 a.m. on Wednesday, May 2nd, 2012 at 5420 & 5420 Laurel Avenue, Raytown.
The lots previously contained two vacant, dilapidated homes that had been on the City's dangerous building list. The new homes were constructed by Builders Development Corporation (BDC) and funding was provided through a Neighborhood Stabilization Program 3 (NSP3) grant the City of Raytown received in 2011 from the U.S. Department of Housing and Urban Development. There are no local funds required by the City to participate in the program. This event showcases the first new homes to be built by the BDC in Raytown, and the first new homes built in Raytown in the past three years.
The BDC is a not-for-profit 501(c)(3) community development corporation working towards rebuilding communities in the greater Kansas City metropolitan area. The BDC recently received a U.S. Housing and Urban Development Best Practice Award for its commitment to energy-efficient and affordable homes.
Using the NSP grant funding Builders Development Corporation purchases vacant and foreclosed properties to renovate or reconstruct the homes on the properties and then sells the homes to qualified families. The program is part of the American Recovery & Reinvestment Act (ARRA) also known as the Recovery Act enacted to create jobs and promote investment and consumer spending during the recession.
Congressman Emanuel Cleaver, II -- Missouri's Fifth District, said: "The tireless work to create and keep jobs must remain our primary focus. Now, where there was once blight there is hope, dilapidated homes have become beautiful new energy efficient homes, and will stand as a symbol of economic growth. I applaud the hundreds of people who have put in thousands of hours to demolish decay and build long-term solutions to bringing neighborhoods back to life."
Raytown Mayor David Bower stated, "The city of Raytown is extremely pleased with the Neighborhood Stabilization Program as it has transformed this block and neighborhood. 5420 and 5424 Laurel were two homes that were very dilapidated and now they showcase our newest and most energy efficient homes. They are a source of pride, representing reinvestment in our existing neighborhoods with an eye toward energy efficiency and long term livability."
"We are very pleased to be able to assist the city of Raytown and the Builders Development Corporation in improving neighborhoods and providing quality, affordable housing," said Andy Papen, Program Manager State of Missouri Department of Economic Development. BDC Board President Tom Woods stated, "The BDC prides itself not only on hiring quality, local contractors, but in providing a quality home that is as energy-efficient as feasibly possible to ensure livability over the next several decades."
Utilizing the NSP3 funding the BDC is also constructing a new house at 5428 Sterling in Raytown and is currently identifying additional older, foreclosed properties to acquire/reconstruct in Raytown.
Other opportunities for neighborhood residents, and other interested persons, to tour the home(s) at 5420 and 5424 Laurel Avenue will take place on Saturday, May 5th and Sunday, May 6th.