Housing project under way
A housing project that is to provide two-, three- and four-bedroom apartments broke ground Friday morning.
Tiffin Pointe Apartment Homes, located at 639 W. Market St., is a $9.4 million, 52-unit project developed by NRP Group of Cleveland.
According to Seneca Industrial and Economic Development Corp., the apartments are situated on 7.5 acres of land. The complex will include on-site amenities such as a clubhouse, a property management office, a library, a business center, a laundry room, a playground and a community room with a gas fireplace.
Tiffin Mayor Aaron Montz said he is pleased with the project.
“As our retail and manufacturing sectors grow, bringing more jobs to Tiffin, it only makes sense to build additional housing to support our workforce,” he said.
Aaron Pechota Sr., NRP vice president of development, said there is strong demand locally for high-quality affordable housing for families.
“Tiffin Pointe is the result of individuals, businesses and government working together to ensure continued growth in the Tiffin community,” he said.
March 7, City Council approved a 15-year, 50-percent tax credit for the project. Even with the credit, city officials believe the project could bring in about $700,000 in tax revenue over the life of the deal.
The development displaced the residents of Westgate Mobile Home Park.
Bryce Riggs, SIEDC development coordinator, said a team from Burns, Bertsch and Harris Inc. was hired to help with relocation.
Stephanie Frye, vice president of client services for the company, said about $50,000 was paid by NRP Group to help relocate residents. In March, she said all mobile home park residents had been relocated.
Frye said because no federal funds were involved in the project, NRP Group had no obligation to help with relocation.
“It was great the developer was willing to put up that money,” she said. “We did what was right. We did the best we could in helping them.”
Riggs said the city would benefit financially from the project, but it also serves a need for affordable housing.
“For us, it’s not about tax benefits, it’s about the affordable housing units,” he said.
Last month, Councilman Rich Focht said rent estimates ranged from $277 to $890 a month.
Riggs said rates would be based on a resident’s income.
“It’s a very important project for our community,” Focht said last month. “(It) will have an impact on many people’s lives.”