By Wayne Allen
The Scioto County Commissioners on Thursday signed a letter of support requested by National Church Residences’ for their application for the 2014 low-income housing tax credits.
National Church Residences’ is the owner of Riverview Retirement Center in Portsmouth and will be making the application to conduct an approximate $15 million Green LEED, historic rehabilitation of the existing 106-unit senior affordable housing community.
In the letter of support, dated Jan. 30, the commissioners write, “we are writing to offer strong support for National Church Residences’ efforts to obtain Low-Income Housing Tax Credits offered by the Ohio Housing Finance Agency to rehabilitate Riverview Retirement Center.
With such funding in place, National Church Residences would be able to undertake rehabilitation of Riverview Retirement Center preserving 106 for senior residents. housing that will provide quality, affordable living quarters for some of our most vulnerable citizens is one of out priority interests. The Riverview Retirement Center community, under the direction of National Church Residences’, will continue to fill a pressing and urgent community need, and is well deserving of the funding it seeks.”
In January, National Church Residences’ sought similar support from Portsmouth City Council, to obtain Low Income Housing Tax Credits offered by the Ohio Housing Finance Agency to rehabilitate Riverview Retirement Center on Second Street.
At the time Amy Rosenthal, of National Church Residences’, reminded Council the group had been to City Council last year, and while they received the support of the city, did not receive the funding. Rosenthal said that center had not been renovated in over 30 years.
Since that item was placed before council, Wabuck Development Company also put-in for the support of the city for a $5 million affordable housing project to be built on Harmon Street in Portsmouth. Making the case for that project was Jessica Gardner, a development officer for Wabuck, centered in Lexington, Ky.
The proposal is for 32 family-units which would be income-restricted to qualify for tax credits from OHFA. However, 100 percent of the rents would be paid by working families at or below 60 percent of the American Median Income. The single-bedroom units would rent for $450 a month, while the three-bedroom units would rent for $550.
Within the low-income housing tax credit application “priority points,” can be given with the endorsement of the city. The city can give one of the projects five “priority points,” council is anticipated to vote for one of the projects, and give the city’s priority points to that project. It has not been determined which project they will vote on.
Wayne Allen can be reached at 740-353-3101, ext. 228 or on Twitter @WayneallenPDT.