Created on Friday, 05 April 2013 Written by JOEL E. MAST
It didn’t take long to transform the inside and exterior of Bellefontaine Manor.
Dave Duff, left, Dustin Wickersham and Gail Clark were among a group of people touring a renovated apartment Thursday at Bellefontaine Manor. EAMINER PHOTO | JOEL E. MAST
About seven months, according to Mayor Adam Brannon.
“You hardly knew it was going on at all,” he said at Thursday’s dedication ceremony. “I had sort of a bird’s-eye view from a relative’s place in Brookstone Apartments (to the west), and I remember watching the roofers as they worked even in 30-degree weather.”
In the end, the mayor believes the project shows what can happen through “a great cooperative effort” between contractors, planners, financiers and the residents.
The $2.5 million project updated the 40-unit senior housing complex which was first opened in the late 1970s.
Residents were moved about during the project, but it was worth it, they said during the ceremony.
Each apartment was updated with new flooring, kitchen and bath fixtures. A wall separating the kitchen from the living room was removed in each, opening up the areas.
Gail Clark with Logan County Metropolitan Housing Authority said residents felt cramped in the old layout, but no longer do.
Financing the project involved the use of the Ohio Housing Finance Agency’s Low Income Housing Tax Credit Program and Housing Development Assistance Program.
John Kircher with Ohio Capital Corporation for Housing said the firm then sold the tax credits to equity fund managers such as JP Morgan Chase, US Bank, The Huntington and Northwestern Mutual Life Insurance.
Projects such as Bellefontaine Manor are attractive to investors because of the guaranteed rental income from federal subsidies.
Day-to-day management of the complex will remain unchanged even though the facility is a joint operation of the Buckeye Community Hope Foundation of Columbus and Logan-Belle HAND Inc.