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Latest Affordable Housing Development: Delaware Place

September 27, 2012 / By Heather Denney, Marketing Manager

Miller-Valentine Group, along with its partners on this community, the Ohio Housing Finance Agency, Ohio Capital Corporation for Housing, M+A Architects, Kleingers & Associates, the EDGE Group, and Key Bank are developing Delaware Place as a part of the federally funded, state managed Low Income Housing Tax Credit program.

Delaware Place demonstrates the value of the federal housing tax credit program on numerous levels. Primarily, it delivers high quality affordable housing for adults, 55 and older in Delaware who currently have limited or no affordable housing options. Seventy-two new jobs were created for the project, approximately 35 of which are in the construction sector. Delaware Place has also generated over $5.4 million for the local economy (wages for local workers and profits for proprietors, small businesses, and corporations), as well as more than $2.0 million of taxes for federal, State of Ohio, and City of Delaware government.

Dave Liette, President of Miller-Valentine Residential Development said that the company is very excited to have the opportunity to invest in the area. Liette explained. “Delaware Place allows Miller-Valentine Group to bring its dedicated expertise in affordable, high-quality housing to seniors in the Delaware area. We are honored and privileged to have a positive impact on their lives.”

For more information about the ground breaking or Delaware Place, please call 1-800-329-RENT (7368), email yournextplacetolive (at) mvg (dot) com, or visit YourNextPlacetoLive.com.

 

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About the author:

Heather Denney is Marketing Manager for Miller-Valentine Group.

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