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40-unit complex to provide supportive housing for board clients
YOUNGSTOWN
The Mahoning County Mental Health Board is expected to approve the purchase price of $50,000 for Youngstown City Schools property on which to build 40 units of housing for clients with substance-abuse and mental-health disorders.
Construction on the $7.3 million project is expected to begin in 2015 and take about a year to complete, officials said.
Purchase of the property, 3.56 acres at the northwest corner of Madison Avenue and Covington Street, was to be $36,000, its tax value, or its appraised value, whichever was higher. The appraised value is $50,000.
The apartment complex, to be called Marian Commons, will be built at the site of the former Martin Luther King Elementary School on the city’s North Side. The project’s designs were approved in June by the city’s design review committee.
The Mahoning County Mental Health Board is buying the property, but the partner agencies in the project — Meridian Community Care, Compass Family and Community Services and the Help Hotline Crisis Center — will have a lease with an option to buy the property from the mental-health board, said Joseph Caruso, Compass president and chief executive officer.
Total cost of the project is estimated at $7.3 million, said Caruso.
Funding sources are: $5.8 million in tax credit and a $350,000 grant from the Ohio Housing Finance Agency; a $500,000 grant from the Ohio Department of Mental Health & Addiction Services; and a $700,000 grant through the Federal Home Loan Bank.