The project, known as New Heritage Village, was substantially rehabbed, and financed with 9% Low Income Housing Tax Credits as well as Federal and State Historic Credits. Because of THC’s commitment, 48 buildings in Toledo’s North End have been restored. Not only was dignity returned to the buildings, but it was also returned to the people who live and work in them as well.
As a follow up to this transaction, THC is pursuing a similar transaction involving 191-units, 36 scattered site projects in and around Toledo’s downtown. The proposed transaction involves the substantial rehabilitation of three existing, federally assisted projects; Vistula Heritage Village II (165 units); South Toledo Homes (18 units); and Turner Properties (8 units).
By partnering with other like-minded community organizations THC hopes to continue to grow Affordable Housing, under committed local control in and around the Toledo area.
