Buckeye Fields project receives $1M tax credit
With an additional $1 million in tax credits, the Buckeye Fields senior housing project continues to move forward.
“With the project delays due to COVID and the increased costs (of material and labor), we were doing this entirely off tax credits,” said Flite Freimann, vice-president of Buckeye Hills Support Services. “The previous award of tax credits was not sufficient to complete the project so we worked with the (Washington County) commissioners and we worked with some of our contractors to lower some of our costs. The Ohio Housing Finance Authority recognized we were not the only project in the state and that opened up a competitive process to apply for more tax credits and we were able to show that our project, with an award of additional tax credits, could still be brought in on time and on budget.”
He said at the end of the day, the $1 million in tax credits will stay local and will help with the cost of materials and labor.
The timeline for completion was moved back due to COVID, but Freimann said they hope to close on the construction loan soon and start moving earth as early as March.
The project, consisting of 64 single-story modular homes, will be built for low-income Washington County seniors behind the Washington County Home. The land will have to be leveled before the homes can be built.
“We initially hoped to move earth before the frost set in, but this will affect the final timeline,” Freimann said. “Our goal is to have the first unit in place in June and then have (the project) finished by September. We’re on track and looking good.”