Construction of a new apartment complex for seniors on fixed incomes is under way on the site of a former middle school in Circleville, Ohio. The 49-unit apartment community, located near the town's downtown district, will also include a community garden and greenhouse, a cafe open to residents and the public, plus many other valuable onsite services geared for seniors, reports Jennifer Goodman, senior editor of Builder.
Developed by the Woda Group in partnership with Pickaway Community Action Organization, Everts Hill will address the needs and wants of seniors while honoring a historic cornerstone in the community.
The Ohio Housing Finance Agency allocated $910,400 in state housing tax credits; the Ohio Capital Corporation for Housing (OCCH) is investing $9.1 million in equity in exchange for those credits. OCCH is also investing $2.2 million in exchange for federal historic rehabilitation tax credits.
Click on the link to read more about the new development.