The Branson Board of Aldermen took some initial steps supporting additional affordable housing in Branson at their August 27, 2024, meeting. They passed Resolutions of Support for two developments by Ring Property Company LLC, Donnelley Crossing and 42-unit development located at the NW corner of Frank Rea Blvd./Garges Way and Fall Creek Ridge, a 48-unit development along South Falls Avenue.
The staff report for Donnelly Crossing said it’s a “Proposed 42-unit, elevatored building with interior apartment entrances. The building will be linear in design, and its elevation is proposed to be a 2/3 split to best conform to existing topography.
“If awarded, the project would be marketed to seniors over 55 years of age, representing an influx of affordable housing in response to an underserved market. The project is expected to consist of 37 two-bedroom, one-bath low to moderate income apartments, and five two-bedroom, one-bath market rate apartments. Monthly rental rates will be established when the updated market study is available, and will be shared with the City as soon as they are available.
“For perspective, the 2023 submission to MHDC called for seven apartments rented to occupants whose incomes were at or less than 30% of area median income, at a rental rate of $390; 30 apartments rented to occupants whose incomes were at or less than 60% of area median income, at a rental rate of $615; and five apartments with no income restrictions, at a rental rate of $745. Apartment sizes were 825 square feet. It is anticipated that the rent levels in the 2024 submission will be higher in order to help offset rising development and construction costs.”
The Fall Creek Ridge Staff Report said it’s a “Proposed 48-unit apartment community, comprised of two 24-unit buildings plus one community building. The design and site plan will essentially mirror our current project under development, Donnelly Ridge.
“If awarded, the project would be unrestricted as to age, thereby offering singles, couples and families an opportunity to reside in affordable housing in response to an underserved market, particularly with respect to workforce housing.
“The project is expected to consist of 27 two-bedroom, one-bath low to moderate income apartments; three two-bedroom, one-bath market rate apartments; 16 three-bedroom, two-bath low to moderate income apartments, and two three-bedroom, two-bath market rate apartments. Monthly rental rates will be established when the market study update is available and will be shared with the City as soon as they are available.”
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