“It was a little later than we anticipated,” Young said of construction. The site is on federal land, and St. Mary had to work through a sub-mortgage issue on the property, he said.
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St. Mary will give preference to veterans applying for McBride Place units as long as veterans apply, Young said. After units are filled, a secondary tier of preference will shift to a waiting list for veterans and a separate waiting list for non-vets, he said.
But as long as veterans apply for units, they’ll enjoy a preference, he said.
The three-story, 64-unit — 59 one-bedroom units and five two-bedroom units — complex is projected to be complete in September 2020, and Young anticipates that St. Mary will accept applications from those wishing to move into the apartments in mid-summer, perhaps July.
McBride will have a “colonial” design, similar to Lyons Place II, to which McBride will be attached on all three floors. “No one will have to go outside in the cold weather,” Young said.
The Ohio Housing Finance Agency provided $2,885,000 to the affordable housing development in the summer of 2018.
Lyons Place II was also funded by OHFA and is similarly directed to seniors and veterans. At Lyons Place, about 42 of those 55 units are occupied by veterans, Young said.
McBride is named after St. Mary co-founder and former chief executive Richard McBride. The complex will be on Massachusetts Avenue, but it will have its address on the VA Campus as building 416.
McBride will do income testing for prospective tenants, with rents based on income as well as credit and background checks. “Everybody is treated the same under fair housing,” Young said.
McBride Place is a continuation of establishing “very high-quality housing units” for veterans in Dayton, Young said.
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