Affordable housing complex coming to Youngstown
YOUNGSTOWN — Funding is lined up for a $35 million, 120-unit affordable housing apartment complex at the site of the former Woodside Receiving Hospital with construction expected to start in October. Wallick Development LLC of New Albany received approval from the Ohio Housing Finance Agency for the issuance of up to $21.5 million in Multifamily Housing Revenue Bonds and a $10 million Ohio Low-Income Housing Tax Credit — one of only 10 projects selected for the 4% tax credits out of 48 applications — with the rest of the money coming from banks for the housing project, called ...