Daily Court Reporter - News OHFA awards over $2 million to provide affordable housing to seniors and veterans
OHFA awards over $2 million to provide affordable housing to seniors and veterans
Ohio Housing Finance Agency (OHFA) is providing $2,885,000 to McBride Place, a three-story, affordable housing development in Dayton, Ohio. This development will be located at 4100 West Third Street, which is on the Veterans Affairs (VA) campus, and will provide 59 units of affordable housing to seniors with special preference given to veterans.
This development will be attached to Lyons Place II, an affordable housing development previously funded by OHFA that also serves seniors and veterans. Lyons Place II was filled within 66 days and has a year-long waiting list, which demonstrates the need for affordable housing for this population in Dayton. McBride Place will help to fill that gap by providing additional housing in the same convenient location for veterans.
Specifically, OHFA is providing $985,000 in housing tax credits, $650,000 in Housing Development Assistance Programs funds and a $1.25 million Housing Development Loan.
Residents of McBride Place will have access to all of the amenities included in Lyons Place II, including a multi-purpose room and a large dining room. Both buildings include parking, access to a walking trail, an accessible community garden and a play area for visiting grandchildren. St. Mary Development Corporation will also provide supportive services such as daily living assistance, housekeeping and wellness support.
In addition to being close to the VA Medical Center, a bus stop is located directly in front of the entrance to the property, and the development itself has strong support from VA leadership. The campus also includes its own police and fire services. McBride Place will be developed by the St. Mary Development Corporation and will be managed by National Church Residences.
OHFA remains committed to serving veterans across the state of Ohio through the developments we fund, the homeownership programs we administer and the events in which we participate. On July 6, 2018, OHFA will be participating in 97.1 The Fan's Military Appreciation Day at Land Grant Brewing in Columbus, Ohio. This event will celebrate and thank the people who serve this nation with a live broadcast of Common Man and T-Bone, a Battle of the Branches and additional live music. This event will take place between 3:00 PM and 8:00 PM.
For more information on veterans and housing in Ohio, visit OHFA's Housing Needs Assessment.
About the Ohio Housing Finance Agency
The Ohio Housing Finance Agency (OHFA) facilitates the development, rehabilitation and financing of low- to moderate-income housing. The Agency's programs help first-time homebuyers, renters, senior citizens, and others find quality affordable housing that meets their needs. Formerly a division of the Ohio Department of Development, OHFA became an independent state agency on July 1, 2005 through Amended Substitute House Bill (HB) 431. OHFA funds competitive fixed-rate mortgage loans and provides financing for the development and rehabilitation of affordable rental housing through the Housing Tax Credit program, issuing tax-exempt mortgage revenue bonds, and other affordable housing programs.
An 11-member board administers the Ohio Housing Finance Agency. The board consists of the Director of the Ohio Department of Commerce (or designee), the Director of the Ohio Development Services Agency (or designee) and nine public members. The governor appoints the nine public board members for six-year terms to represent various housing sectors and the public. To learn more about any of our board members, please download the bios provided below.
Date Published: July 27, 2018