Buckeye Fields project receives $1M tax credit | News, Sports, Jobs
Written by Tim Hartwell on November 25, 2021
With a further $1 million in tax credit, the Buckeye Fields senior housing challenge continues to maneuver ahead.
“With the challenge delays because of COVID and the elevated prices (of fabric and labor), we had been doing this totally off tax credit,” mentioned Flite Freimann, vice-president of Buckeye Hills Assist Providers. “The earlier award of tax credit was not enough to finish the challenge so we labored with the (Washington County) commissioners and we labored with a few of our contractors to decrease a few of our prices. The Ohio Housing Finance Authority acknowledged we weren’t the one challenge within the state and that opened up a aggressive course of to use for extra tax credit and we had been capable of present that our challenge, with an award of extra tax credit, might nonetheless be introduced in on time and on price range.”
He mentioned on the finish of the day, the $1 million in tax credit will keep native and can assist with the price of supplies and labor.
The timeline for completion was moved again because of COVID, however Freimann mentioned they hope to shut on the development mortgage quickly and begin shifting earth as early as March.
The challenge, consisting of 64 single-story modular properties, might be constructed for low-income Washington County seniors behind the Washington County House. The land should be leveled earlier than the properties could be constructed.
“We initially hoped to maneuver earth earlier than the frost set in, however this may have an effect on the ultimate timeline,” Freimann mentioned. “Our aim is to have the primary unit in place in June after which have (the challenge) completed by September. We’re on monitor and looking out good.”
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