TOLEDO, OH (Toledo News Now) - The Lucas County Commissioners have given approval for United North to apply for low-income housing tax credits to pay for the St. Hedwig's senior housing project, which is expected to exceed $7 million.
The plan calls for converting the former school building into 23 units, and tearing down the former convent and building a new structure with 18 units.
"We've been concentrating on that corridor, right across the street is the new Shops on Lagrinka, a couple of blocks away is a senior center, Fifth Third Bank just built a new building a couple of years ago, and we're restoring the old Ohio Theatre," said Terry Glazer with United North.
Sharon Wade lives next door to St. Hedwig's, and said it's hard to look at the vacant school building day after day.
"My in-laws were raised here and they say it's beautiful inside," Wade said. "They'd hate to see it torn down and I would, too, because that's like almost a monument to the neighborhood."
United North recently completed construction of the 40-unit Crane's Landing senior housing development, with funding through low-income housing tax credits, and a similar application will be filed with the state this month for the St. Hedwig's project.
"The tax credits are a very competitive process," Glazer said. "We've been able to get them over the last few years, but we need to submit a very comprehensive application."
If the tax credits are awarded this year, Glazer said construction will start in 2014 and finish in 2015.