When the Ohio Housing Finance Agency recently awarded its 9% Housing Tax Credits to qualifying projects around Ohio, a hoped-for development in Galion received some disappointing news.
The application by developer St. Mary Development Corporation for a senior housing development on the corner of Portland Way South and Hosford Road was not among those awarded credits.
The $11.4 million project was among 85 that submitted applications in the competitive program. Of those, 29 received awards; those represent 1,361 units of housing.
Galion Senior Lofts ws a proposed 43-unit, new construction, senior independent housing development. The energy efficient building would have offered 1 and 2-bedroom units with senior-specific amenities. Units would have featured modern/open floor plans, a living area, full-size kitchens, spacious bedrooms, in-unit laundry connections, and accessibility features, and building amenities would have included a community room, fitness center, and outdoor shelter. The project would also have offered supportive services.
The application stressed that Galion Senior Lofts would have helped to address the strong need for affordable, senior housing in the greater Mansfield area.
Source, Photo: OHFA