RAVENNE – Residents of Bryn Mawr Glen can expect a nice makeover next year.
National Church Residences, owner of the property, has planned a $ 3.3 million renovation of the 45-unit building on Bryn Mawr Street in Ravenna, according to Todd Hutchins, director of public relations for National Church Residences.
âConstruction will begin later this summer and is expected to be completed approximately a year later in the summer of 2022,â he said. âThis will rejuvenate the physical building and potentially bring new services to our residents within this senior community. “
Bryn Mawr Glen provides affordable housing for seniors under Section 202 of the Housing Code.
Property manager Susie Frame said residents will take turns moving into five empty units as their own apartments are renovated. At the end of the process, the five empty units will be refurbished.
The renovations, which will be inside and outside the apartment complex, will include new exterior cladding; the Windows; modernization of common areas and finishes; renovations to all accessible units; improvements to finishes in some units; new entrance doors and windows; new cabinets, counters and flooring in kitchens; new sinks, vanities, flooring and other accessories in bathrooms; modernization of the elevator; and new boilers and coolers, according to Hutchins.
Bryn Mawr Glen was built in 1997 with a capital advance from Section 202 of the Department of Housing and Urban Development and has provided rental assistance under the Project Rental Assistance Contracts program (PRAC ) of section 202, “Hutchins said.
Hutchins said the building has not undergone significant rehabilitation since it opened.
Historically, the project lease assistance contract program can be a double-edged sword when it comes to funding renovations, he explained.
âDespite the importance of the provision of senior housing by PRAC, the program has limited the ability of the Church’s national residences and other landlords to recapitalize and preserve their aging communities,â Hutchins said. “While owners of other properties can often finance large-scale improvements and rehabilitations by taking out a loan or refinancing an existing mortgage, operators of PRAC-subsidized homes have been limited as their developments depend on annual funding from the Congress.”
However, Congress expanded the rental assistance demonstration program to include Section 202 properties funded by the PRAC in 2018. Hutchins said the project, which was undertaken in partnership with Ohio Housing Financing Agency, could create a funding model for 2,800 properties in Section 202 PRAC nationwide, “enabling the senior housing community to preserve this rare section 8 [Housing Assistance Payment] contract while meeting the building’s critical capital needs.
Journalist Bob Gaetjens can be contacted at 330-541-9440, [email protected] or @bobgaetjens_rc.