Financing wrapped up for new Irwin senior apartments

5597263_web1_Irwin-Senior-Housing

[ad_1]

Construction on the Westmoreland County Housing Authority’s proposed 50-unit senior living community in Irwin is expected to begin Dec. 10.

Housing authority Executive Director Michael Washowich said funding for the $14 million project will be completed next month, setting the stage for a 16-month construction period that is scheduled to end in May 2024.

“We’ve been meeting every week and we’re very excited about this project,” Washowich said.

County commissioners on Friday approved the final piece of funding for the project by accepting more than $2.3 million in low-interest federal loans that will go to the housing authority to cover remaining construction costs.

The loan amount had to be increased by $800,000 to offset rising costs caused by inflation, Commissioner Doug Chew said.

No money from the county budget was allocated to the housing authority project, officials said.

The Grand View site is being financed primarily with more than $9 million generated through tax credits funded by the Pennsylvania Housing Finance Agency.

The four-story, 50-unit Grand View Senior Residences will be built on a 17-acre parcel on Laurel Avenue behind the Norwin Library near 30th Street. The project will include one- and two-bedroom apartments for low-income residents 62 and older. old. Authority officials said 10 apartments will be allocated for veterans.

It will be the authority’s third construction project in the past decade, joining South Greengate Commons in Hempfield, which opened in 2014, and its neighboring facility, Odin View Apartments, completed in 2020.

Meanwhile, the authority previously announced its intention to build seniors’ villas near the Grand View Senior Residences facility on part of the same property that lies in North Huntingdon.

The authority operates approximately 2,500 housing units in 36 communities throughout the county.

Washowich said planning has begun for another development, a 24-unit complex that includes senior housing to be built on 2 acres near Norvelt that was donated to the agency by the Catholic Diocese of Greensburg. Financing has not yet been finalized and a construction schedule has not been determined, Washowich said.

Rich Cholodofsky is a Tribune-Review staff writer. You can reach Rich by email at rcholodofsky@triblive.com or via Twitter .



[ad_2]

Leave a comment

Your email address will not be published. Required fields are marked *