DevelopOhio

Two apartment projects in Athens are likely to proceed after receiving state tax credits, The Athens Messenger reports. Frontier Community Services of Chillicothe “was awarded $780,000 in federal tax credits for Sandstone Apartments,” which calls for 50 family housing apartments located on Route 682 in The Plains. Frontier’s chief development officer, Rod Siddons, said the apartments will be “below market level” but not rent-subsidized. Tax credits totaling $658,243 were awarded to Fairfield Homes Inc. of Lancaster for another project, the “rehabilitation of Beasley Mill Apartments on Union Street and Sheltering Arms Apartments on Clarke Street,” according to the article. Those apartments are “rent-subsidized housing for seniors and others who qualify.” The two projects have also applied for funding from both the Housing Development Assistance Program and the Housing Development Loan Program; Siddons and Jennifer Walters, president of Fairfield Homes, both said that the state tax credits mean they are likely to receive the additional funding for their projects. For more, read the full article.