SHELBY — A major renovation project is being proposed for Shelby, one that would involve the rehabilitation of 48 senior housing units.
Shelby City Council's Public Works and General Operations Committee at its most recent meeting was briefed on the project known as Park Village II at 65 Park Village in Shelby.
“They are upgrading,” city of Shelby Project Coordinator Joe Gies said at the Jan. 28 session.
Shelby officials were provided details of the project in a letter to Shelby Mayor Steve Schag from Fairfield Homes Inc. of Lancaster, Ohio.
“Park Village II is the proposed rehabilitation of 48 units of senior housing in Shelby, Ohio targeting seniors between 40% and 80% of the area median income,” according to the letter from Joseph Wickham, real estate development project manager for Fairfield Homes.
Proposed renovations detailed in the letter include:
* energy efficiency upgrades and updates to apartment units
* replacement of heating and air conditioning systems
* improved security lighting
* parking lot and pedestrian walkway repairs
The letter states that Fairfield Homes plans to submit an application to use the multifamily funding programs of the Ohio Housing Finance Agency. It describes Park Village as a 128-unit rural development senior apartment community with “high occupancy and a waiting list.”
The improvements would involve 6.12 acres of the 14.56-acre site.
The letter also identifies the development team for the proposed project. They include general partner Gorsuch FHI Holdings, LLC; developer and property manager Fairfield Homes and contractor Gorsuch Construction.
“Park Village II will be financed with a USDA Rural Development 515 Loan, FHLB (Federal Home Loan Bank) Affordable Housing Program, a seller’s note, deferred developer’s fee and low-income housing tax credit proceeds,” Wickham detailed.
Plans to renovate another portion of Park Village were announced in early 2020.
“Park Village II represents the important second phase of the rehabilitation of the Park Village community ensuring that all 128 units will be energy efficient and updated units,” Wickham wrote of the latest proposal. “Once rehabilitated, the Park Village community will provide 128 high-quality affordable units for seniors in the Shelby community.”
The news is being welcomed by Shelby City Councilman Charles Roub, chairman of the council's Public Works and General Operations Committee.
“I am glad they are updating out there,” Roub told city officials.
Attempts by the Daily Globe to reach Fairfield Homes for additional information were not successful. Check for updates as more information becomes available.