Housing Authority wins grant for project|
|Renovations to Park View Manor, home of the Antigo Housing Authority, will begin next spring, nourished by a $700,000 federal housing award |
The Authority has been awarded a $700,000—the largest award to a rental housing project in the state of Wisconsin—to supplement a tax credit award received in April for the renovation and modernization of Park View Manor.
“It continues to be a good year for the Antigo Housing Authority,” Mary Pavek, executive director, said. “This is our second attempt at these funds, and we are very excited that we were successful this year.”
The $3.5 million renovation budget will address much needed structural upgrades, as well as full modernization of the apartments and common areas.
“Our focus is the long-term viability of the complex, to insure that it will continue to serve our residents and the community for years to come,” Pavek said.
The 84-unit complex for elderly and disabled located on Third Avenue was constructed in 1973.
The latest grant was received from the Federal Home Loan Bank of Chicago through its competitive affordable housing program. It was among more than $28 million awarded to help finance 99 affordable housing projects located primarily in Illinois and Wisconsin.
According to Pavek, non-profit groups, for-profit developers, and public entities apply for the competitive grants through one of the Federal Home Loan Bank of Chicago’s member institutions, which include more than 750 commercial banks, savings institutions, credit unions, insurance companies, and community development financial institutions in Illinois and Wisconsin.
Park View’s funds will be channeled through the American Bank of Fond du Lac.
Earlier this year, the Wisconsin Housing and Economic Development Authority allocated $412,785 in annual tax credits to the Antigo Housing Authority for the renovation to Park View Manor.
It also granted $596,193 in tax credits for construction of the Pebble Ridge apartment complex by developer Herman & Kittle Properties Inc. Applicant for that project was Lutheran Social Services of Wisconsin and the Upper Peninsula.
According to Pavek, the Park View Manor project dates to 2011, when the agency partnered with Commonwealth Companies of Fond du Lac to pursue renovation dollars.
“All common areas will be reworked into more usable space with the addition of a beauty salon, fitness center, library, community room and media center,” Pavek said. “A new outdoor patio will allow residents to enjoy the new walking path completed by the city of Antigo.”
No tenants will be displaced during the renovation project, she stressed.
From left, Mary Pavek, Antigo Housing Authority director, and Commissioners John Warner, Bev Golbach, Wes Fermanich, Ben Zelazoski, and Joe Kapusta look over the blueprints for the Park View Manor renovation project.
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