Franklin County commits $900,000 in magnet funds to senior affordable housing in Northland
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Summary
The county approved a $900,000 Magnet Fund agreement with National Church Residences to support a 60-unit senior affordable housing development (Bretton Woods) in the Northland neighborhood; county staff said phase 2 total development costs are a little over $18 million.
Franklin County commissioners voted to award $900,000 from the Magnet Fund to National Church Residences to support the second phase of a senior affordable housing development in the Northland neighborhood.
Walter Diller, assistant director of economic development and planning, said the agreement with National Church Residences (NCR) will fund the delivery of a 60-unit senior community to be called Bretton Woods at 2511 Bretton Woods Drive. All units will be affordable at 60% of area median income, and NCR representatives attending the meeting said this is phase 2 of a project with phase 1 already under construction.
When commissioners asked about the project's total cost, a county representative reported the phase 2 total development cost is a little over $18,000,000. The board moved, seconded and adopted Resolution 3825 to authorize the $900,000 development agreement.
Commissioners and NCR representatives noted NCR's long history developing affordable senior housing and emphasized the measure's alignment with county goals to expand affordable housing options for older residents. The resolution was adopted with recorded yes votes.
