Last edited 1:29 p.m., May 20, 2021
The nonprofit Elevate Branson's tiny-home community was chosen for a $1.9 million federal grant.
The funding comes through the U.S. Department of Housing and Urban Development's Community Development Block Grant program, according to a news release.
"Elevate Branson’s tiny-home community development plan has drawn statewide attention, with the Missouri Department of Economic Development looking to set Elevate’s tiny-home project as a model of sustainable and affordable housing for the state of Missouri, and potentially the nation," nonprofit officials said in the release.
The latest grant comes after the project, called Elevate Community, received $1 million through the Federal Home Loan Bank of Des Moines in January. Branson Bank partnered with Elevate to secure funds through the Federal Deposit Insurance Corp.'s Affordable Housing Competitive Funding Program, according to past reporting.
The new HUD grant brings Elevate Community's public and private funding beyond $3 million.
Bryan Stallings, co-founder of Elevate Branson, said roughly $300,000 in pledges have been reached for individual homes. The nonprofit is working to recruit donors who pay $35,000 to sponsor a 400-square-foot residence.
Elevate Community is a 48-unit tiny-home development in progress just north of Elevate Branson's campus. Elevate Community's 24-home Phase I is slated to open by summer 2022, Stallings said. The second phase, also 24 homes, is targeted for completion in spring 2023, he said.
Elevate Community’s target audience is those with a fixed income living at or below the poverty line, according to past reporting.
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