The Ohio Housing Finance Agency (OHFA) has awarded 9% Low Income Housing Tax Credits to help fund necessary renovations in Barnesville Manor in Barnesville, a town in Belmont County, Ohio.
OHFA’s award will preserve Barnesville Manor, built in 1977 with 51 units of affordable senior housing for residents ages 62 and older. National Church Residences purchased the community in 1999.
Barnesville Manor is currently the only age-restricted and subsidized property within its 71-square-mile region. While the community has been running smoothly for the last 40 years, it has yet to undergo a substantial rehabilitation to fit the needs of residents. The new facility will be tailored to provide a more vibrant community for them, as well as enhance visitors.
Renovations will include a fitness center, a new transportation office, a dedicated health clinic, community office and business center. The utilization of the tax credits will continue to enable low-income housing for the community. The tax credit funding will also improve energy efficiency of the building to exceed the minimum Enterprise Green Communities standards.
Construction is expected to begin in spring 2018.