A project to construct new affordable housing in Tiffin will help fill a need in the community, according to Seneca Industrial and Economic Development Corp. (SIEDC) President and CEO David Zak, The Advertiser-Tribune reports. Cleveland-based NRP Group “has received $800,000 in housing tax credits,” allowing the Tiffin Pointe apartment project to proceed, SIEDC announced in a recent press release. Zak said a feasibility study showed the need for this type of housing, saying, “[b]asically, all affordable housing units are occupied. There is a huge need for quality affordable housing in Tiffin.” Tiffin City Council voted in February to “create a Community Reinvestment Area in the city’s Third Ward (see our February 16, 2016 blog post), where the proposed development is located.” Council member Jim Roberts, the single dissenter in that vote, expressed concerns for residents who will be displaced by the development. NRP, in response to those concerns, will “use $50,000 in pledged developer’s fees from SIEDC to create, fund and implement a relocation plan for mobile home park residents who find themselves involuntarily displaced,” according to the article. The Tiffin Pointe project will “involve a $9.1 million investment and is contingent upon receiving the CRA tax exemption.” For more, read the full article.
Tiffin Pointe project will move forward with $800,000 in tax credits
