by The owner of Cleveland’s workforce and affordable housing complexes, Whitehall Commons and Whitehall Manor, has requested assistance from the Cleveland Downtown Development Authority in securing funding for the necessary improvements.
David Williams, an attorney for the Paces Foundation, the facility’s owner, made a plea to the Cleveland Downtown Development Authority during its meeting on Thursday.
Williams informed the authority that they are requesting their help in obtaining municipal revenue bonds that are exempt from taxes. This is the beginning of a lengthy process that may take up to a year before conventional housing and senior living unit improvements may begin.
A nonprofit group called The Paces Foundation offers low-income locals affordable housing and services.
The cost of the upcoming renovations was not specified in monetary terms, but the Cleveland Downtown Development Authority unanimously approved funding for the project, which will enhance 112 apartments in total.
The bond funding will just serve as a means for the Paces Foundation to acquire the funds; neither the DDA nor the city will be held in any manner responsible.
These individuals constructed the units in 2009, according to DDA Board Chairman Gary Adkins. Adkins said, “It’s nice to work with people like that.”
