City Gets Grant For Renovation Of Apartments
July 28, 2016 at 4:25 p.m.
A $200,000 grant from the Indiana Housing Finance Authority will help the city of Warsaw renovate a downtown apartment building.
The grant will be used by the Warsaw Community Development Corp. to rehabilitate a six-unit apartment building at 221 S. High St., said Trish Brown, WCDC executive director.
"This project will meet a critical need for affordable rental housing in the city of Warsaw," she said.
Lake City Bank and First National Bank will provide additional funds in the form of a first mortgage for the project.
WCDC plans to completely renovate the building, including replacing the roof, repairing and replacing major mechanical systems, repainting the exterior and redecorating the interior apartments.
During the early 1900s the building was used as a downtown hotel and called the Comstock Inn. More recently, it has been a multifamily apartment building.
Brown said the current residents will remain in the building and the apartments will be maintained as affordable housing for 15 years.
"We now look forward to starting the renovation work and making the building into a place that people will be proud to call home," she said. [[In-content Ad]]
A $200,000 grant from the Indiana Housing Finance Authority will help the city of Warsaw renovate a downtown apartment building.
The grant will be used by the Warsaw Community Development Corp. to rehabilitate a six-unit apartment building at 221 S. High St., said Trish Brown, WCDC executive director.
"This project will meet a critical need for affordable rental housing in the city of Warsaw," she said.
Lake City Bank and First National Bank will provide additional funds in the form of a first mortgage for the project.
WCDC plans to completely renovate the building, including replacing the roof, repairing and replacing major mechanical systems, repainting the exterior and redecorating the interior apartments.
During the early 1900s the building was used as a downtown hotel and called the Comstock Inn. More recently, it has been a multifamily apartment building.
Brown said the current residents will remain in the building and the apartments will be maintained as affordable housing for 15 years.
"We now look forward to starting the renovation work and making the building into a place that people will be proud to call home," she said. [[In-content Ad]]