POMEROY — Funding for the acquisition and rehabilitation of the 30-unit Pomeroy Cliffs housing located on Union Avenue in Pomeroy has been included in a $3.7 million state and federal program which the Ohio Housing Finance Agency (OHFA) has designated for affordable housing initiatives across the state.
The Pomeroy project was one of 11 in the state included in the program which has two segments. Both are funded through the Ohio Housing Trust Fund.
The first, a Capital Improvements Program (CPI), carries a cost of $942,457. It is for minor renovations and maintenance on aging properties which are funded by the Ohio Department of Mental Health (ODMNH), and includes five facilities, two of which have more than one location.
The second part of the funding program amounts to $2.8 million and comes through the Housing Development Assistance Program (HDAP) which is aimed at providing flexible, low interest financing for affordable housing developments. Funding for the HDAP projects come from the Federal Home program and the Ohio Housing Trust Fund. The program has four designated projects in Ohio, including the Pomeroy Cliffs.
The figure for the Pomeroy Cliffs’ work on the four residential buildings and the community building has been set at $750,000. The work on the housing project, according to a release from the OHFA Board, will include new windows, doors cabinets, flooring, plumbing fixtures and electrical components along with masonry and foundation repairs.
The Ohio Housing Finance Agency is described as a “quasi-public agency governed by an 11-member board.” The agency uses federal and state resources to provide housing opportunities for families and individuals through programs designed to develop, preserve and sustain affordable housing throughout the state.
OHFA is also the administrator of the state foreclosure prevention program called “Save the Dream Ohio.”
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