COLUMBUS – The Ohio Housing Finance Agency announced Wednesday that the Hopewell Cottages development in Hebron is one of 40 developments in Ohio that will share more than $30 million in federal housing tax credits. A total of 103 projects sought approximately $77 million in credits.
The project is being developed by Spire Development of Columbus and Fairfield Homes of Lancaster. The architect is Berardi Partners of Columbus. Fairfield Homes will construct the 50-unit rental development and provide on-site management.
The development is not Section 8, public or government subsidized housing. The tax credits help offset the construction costs. In return, the owners must keep rents affordable and limit occupancy to residents with low-to-moderate incomes for up to 30 years. Hopewell Cottages residents must earn less than 60 percent of the area median income or currently $42,000 a year.
The developers presented the preliminary site plan and elevation to Village of Hebron officials early this year. Village council members unanimously endorsed the project which is an important step in the evaluation process for the limited federal tax credits.
Hopewell Cottages was specifically designed to provide safe and affordable workforce housing and garnered support from some of Licking County’s largest industrial employers. It’s a few hundred yards from the southwestern corner of the Newark Industrial Park.
The site is already zoned for multi-family residential but the Hebron Planning and Zoning Board must approve the final site plan. The Village Engineer will also have to approve its storm water management plan. A retention pond is part of the development.
Access will be off North 6th Street. The planned clubhouse includes an outdoor patio, lounge, fitness room, kitchen and work- force training area. Each rental unit will have its own laundry room and a single-car garage.
“We’re looking forward to them starting with the Planning and Zoning Board,” Hebron Mayor Clifford Mason told The Beacon Wednesday. He said they could be on the agenda for the Monday, July 6 meeting if they are ready.
“It will be good for our community and for all the development going on in the area,” Mason added. He noted the new industrial development on Kaiser Drive and James Parkway in Heath plus the possible development of the PIME property off Seminary Road.
“It looks like a very nice community,” Mason added.
“It is a good product and a good option for people who work in Hebron to live here,” Hebron Village Administrator Ralph Wise said.