Hudson Companies’ affordable housing division, led by Partner Tyler M. Hudson, has successfully received another zoning use approval for one of its 2016 PHFA LIHTC submissions. Hudson Companies is a leader in real estate development, real estate investment, and general construction throughout the Commonwealth of Pennsylvania.
CLARION, Pa. (EYT) – Clarion Borough Council approved plans for a proposed $12.5 million 48-unit low income senior housing complex on a 1.14-acre lot on South Fifth Avenue Monday night.
“Hudson Asset Advisors, LP is proposing ‘Regency Commons’ new construction of a four-story facility for seniors age 62 and older on the South 5th Avenue in the heart of Clarion,” said Kelley Coey, Development Coordinator for Hudson Property Management.
“The site consists of two contiguous vacant lots and fits beautifully into the residential community. Gross building area is roughly 50,580 square feet. The proposed development includes 48 one-bedroom units, six of which will be fully accessible. Regency Commons will serve households whose incomes do not exceed 60 percent of area median income. Green initiatives will be incorporated into the project through Enterprise Green Communities criteria and Passive House standards.”
Voting for the proposal were Carol Lapinto, Earl Zerfoss, Ben Aaron, and Jason Noto. Chuck Bartley voted against the request. Senior living projects in Clarion Borough now require passage as a conditional use under zoning rules.
If approved this May for funding, construction would begin during spring of 2017 and be completed spring of 2018. Estimated total project cost is $12.5 million.