Thursday, December 19, 2024

Projects OK’d for affordable housing loan, credits

An affordable apartment building similar to this one planned by Pivotal Housing
Partners in Buffalo, NY is sought by the same developer on West 27th Street in
Cleveland’s Clark-Fulton neighborhood. A second five-story senior housing
complex is also planned next door by St. Mary Development Co. (Pivotal).
CLICK IMAGES TO ENLARGE THEM.

In Cleveland, one east-side housing development and one west-side development are set to receive 4-percent Low Income Housing Tax Credits (LIHTC) from the Ohio Housing Finance Agency (OHFA). The agency announced that determination yesterday in a spreadsheet posted on its Web site. A third project won a $1.75 million OHFA loan, OHFA said in a written statement released today.

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