JOPLIN, Mo. —
Last year’s tornado nearly wiped out the Red-Wood Development Co.
That is one reason that turning the keys over Wednesday to the owner of a new home built by the company was a special occasion for both Red-Wood and the buyer, Tara Atherton.
“This is a very special for us at the company,” owner Rick Schroeder said at an open house and ribbon-cutting ceremony held at 2527 Grand Ave. “Our company was devastated by the tornado. We lost our home office and 90 percent of our properties.”
In the time since the May 22, 2011, tragedy, Red-Wood has rebuilt three complexes totaling 288 apartments, erected a 120-unit apartment complex at Webb City called The Plaza, built 120 houeses and six duplexes.
The Atherton house is the seventh of 38 houses the company is constructing as an affordable housing project it calls Union City Homes within the tornado zone. It is one of the housing projects financed with a portion of $100 million in tax credits awarded a year ago by the Missouri Housing Development Commission to Joplin as part of the disaster aid designated by Gov. Jay Nixon.
One tax-credit project has been finished and six others are under construction in Joplin and Webb City.
Business
Joplin home builder celebrates tax-credit project
- Business
-
-
Stocks mixed as investors reassess Fed worries
Investors recovered their poise by midday Thursday after an early sell-off sent stocks sharply lower.
-
Between economy and trouble, Obama approval steady
The economy is recovering, the White House is dealing with multiple controversies, and President Barack Obama appears generally unaffected either way.
-
Other companies challenging contraception mandate
Hobby Lobby Stores Inc. is challenging the part of the federal health care law that requires for-profit companies to offer employees health coverage that includes products the business owners find morally objectionable, such as certain types of contraception.
-
Stricken Japan nuke plant struggles to keep staff
Keeping the meltdown-stricken Fukushima nuclear plant in northeastern Japan in stable condition requires a cast of thousands. Increasingly the plant’s operator is struggling to find enough workers, a trend that many expect to worsen and hamper progress in the decades-long effort to safely decommission it.
-
Birth control coverage up for federal appeal
In the most prominent challenge of its kind, Hobby Lobby Stores Inc. is asking a federal appeals court Thursday for an exemption from part of the federal health care law that requires it to offer employees health coverage that includes access to the morning-after pill.
-
Ammonia leak at Kan. plant sends 7 to hospital
Seven people have been released from an Emporia hospital after an ammonia leak at the city’s Tyson Foods plant.
-
Markets roiled by Nikkei’s 7.3 percent slide
Financial markets around the world were roiled Thursday after Japanese stocks suffered their biggest slide since the country was hit by a devastating tsunami more than two years ago.
-
BP donates $500K to Moore tornado relief effort
Oil company BP is donating $500,000 to the tornado relief effort in Moore.
-
First Look: New Xbox elegant, but much unknown
Will gamers want One?
-
Median CEO pay rises to $9.7 million in 2012
CEO pay has been going in one direction for the past three years: up.
- More Business Headlines
-
Sheriff: No Sign Killing of 2 Kids Was Planned
Obama Defends Drone Strikes, With Limits
Raw: Jurors Deadlock on Jodi Arias Penalty
Boy Scouts Decision "First Step" Say Activists
Raw: Utah Teen Arrested in Death of His Brothers
Closer Look at Okla. School Where Children Died
Two Suspects in Murder Known to London Police
Boy Scouts Mom Supports Gay Inclusiveness
"Be Ready": NOAA Warns of Busy Hurricane Season
SeaWorld: Penguins Are Coolest Thing in Florida
Obama Renews Call to Close Gitmo
Obama Offers Drone Strike Defense
Raw: Heckler Interrupts Obama on Guantanamo
A Slice of Apple History Up for Grabs
