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Franklin County approves $1.35 million Magnet Fund award for Ares Lofts in Whitehall
Summary
The board approved a $1,350,000 Magnet Fund development agreement on Oct. 14 to support Ares Lofts, a 315-unit affordable housing project at 3515 East Main Street in Whitehall developed by LDG Multifamily LLC in partnership with Rita June Foundation Inc. The project will deliver units across 50%, 60% and 70% AMI tiers.
The Franklin County Board of Commissioners voted Oct. 14 to authorize a $1,350,000 affordable housing development agreement under the Magnet Fund program with LDG Multifamily LLC and Rita June Foundation Inc. for a project to be called Ares Lofts at 3515 East Main Street in Whitehall.
Emmanuel Torres, assistant director of Economic Development and Planning, said the award stems from…
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