Interest expressed in rental rehab program 2012.02.08

Written by David Green.

City officials learned Friday that downtown property owners have considerable interest in taking advantage of state funding for the rehabilitation of rental units.

More than 15 people met at city hall with representatives from the Michigan State Housing Development Authority (MSHDA) to hear details about the program.

The MSHDA representatives toured two locations—the proposed apartments above the new Subway restaurant and the adjacent property, and the second floor of the old Main Street depot, now owned by the State Line Gem and Mineral Society.

City administrator clerk Renée Schroeder expects that at least five locations should be eligible for funding, and possibly two others.

Property owners have until Feb. 29 to submit a letter of interest. Construction drawings are also needed, along with  testing for asbestos and lead-based paint.

Each unit is eligible for funding up to $35,000 in the form of a five-year zero percent interest, forgivable loan. The property owner must invest at least 25 percent of the construction cost and agree to rent at least 51 percent of the units to tenants that meet certain income requirements.

When letters of intent are received, the city will total the amount requested and apply for a grant on behalf of the property owners.

  • Play Practice
    DRAMA—Fayette schools, in conjunction with the Opera House Theater program, will present two plays Friday night at the Fayette Opera House. From the left is Autumn Black, Wyatt Mitchell, Elizabeth Myers, Jonah Perdue, Sam Myers (in the back) and Lauren Dale. Other cast members are Brynn Balmer, Mason Maginn, Ashtyn Dominique, Stephanie Munguia and Sierra Munguia. Jason Stuckey serves as the technician and Trinity Leady is the backstage manager. The plays will be performed during the day Friday for students and for the public at 7 p.m. Friday.
  • Front.F.school
    PROGRESS continues on the agriculture classroom addition at Fayette High School. The project will add 2,900 square feet of space and include an overhead door that would allow equipment to be driven inside. The building should be ready for the start of school in August. Work on ball fields and a running track is also underway.
  • Front.rover
    CLEARING THE WAY—Road crossings in the area on the construction route of the Rover natural gas pipeline are marked with poles and flags as preliminary work nears. Ditches and field entry points are covered with thick planks in many areas to support equipment for tree clearing operations. Actual pipeline construction is progressing across Ohio toward a collecting station near Defiance. That segment of the project is expected to wrap up in July. The 42-inch line through Michigan and into Ontario is scheduled for completion in November. The line is projected to transport 3.25 billion cubic feet of natural gas every day.
  • Front.geese
    ON THE MOVE—Six goslings head out on manuevers with their parents in an area lake. Baby waterfowl are showing up in lakes and ponds throughout the area.
  • Accident
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  • Front.teacher Leading
    PRESCHOOL MUSIC—Fayette band director Jeffrey Dunford spends the last half hour of the day leading the full-day preschool class in musical activities. Additional photos are on page 7 of this week’s Observer.
  • Front.poles
    MOVING EAST—Utility workers continue their slow progress east along U.S. 20 south of Morenci. New electrical poles are put in place before wiring is moved into place.
  • Face Paint
    FUN NIGHT FUN—Savanna Miles sits patiently while Abbie White works on a face paint design Friday during the Morenci PTO Fun Night. Gracie Snead watches the progress after having spent time in the chair. Abbie was one of several volunteer painters, each creating their own unique look. Additional photos are on the back page of this week’s Observer.

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