In The News 21 February 2012

Treewood awarded funds through OHFA

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A Hillsboro apartment facility has received more than $800,000 for development from the Ohio House Finance Agency. 
The OHFA board has approved more than $2.7 million through the Housing Development Assistance Program and $1.5 million through the Housing Development Loan (HDL) program to provide flexible, low-interest financing for affordable housing developments across the state. Funding for HDAP comes from the federal HOME program and OHTF. The HDL program provides financial assistance for the development and rehabilitation of affordable housing and is funded through unclaimed funds from the Ohio Department of Commerce.
Treewood Apartments in Hillsboro received $827,000 in HDAP. According to a OHFA release, Treewood Apartments involves the rehabilitation of a multifamily project in Hillsboro. Built in 1976, this Rural Development property consists of five two-story buildings with eight one-bedroom and 32 two-bedroom units. The garden-style units will include a patio/balcony, energy efficient appliances and a garbage disposal. A new facility will be constructed and will include a community and exercise area, sitting area with a fire place, office for rental and supportive services, laundry facility, and a computer and library area.
For further information regarding the properties awarded funding please contact OHFA at (888) 362-6432.
Projects in Montgomery, Franklin and Summit counties also received funding. 
A Hillsboro apartment facility has received more than $800,000 for development from the Ohio House Finance Agency. 

The OHFA board has approved more than $2.7 million through the Housing Development Assistance Program and $1.5 million through the Housing Development Loan (HDL) program to provide flexible, low-interest financing for affordable housing developments across the state. Funding for HDAP comes from the federal HOME program and OHTF. The HDL program provides financial assistance for the development and rehabilitation of affordable housing and is funded through unclaimed funds from the Ohio Department of Commerce.

Treewood Apartments in Hillsboro received $827,000 in HDAP. According to a OHFA release, Treewood Apartments involves the rehabilitation of a multifamily project in Hillsboro. Built in 1976, this Rural Development property consists of five two-story buildings with eight one-bedroom and 32 two-bedroom units. The garden-style units will include a patio/balcony, energy efficient appliances and a garbage disposal. A new facility will be constructed and will include a community and exercise area, sitting area with a fire place, office for rental and supportive services, laundry facility, and a computer and library area.

For further information regarding the properties awarded funding please contact OHFA at (888) 362-6432.

Projects in Montgomery, Franklin and Summit counties also received funding. 
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