Loveland Station Senior Housing

 

August 27, 2015 - PIRHL Developers, LLC opened the doors of Loveland Station Senior Housing in August after a ribbon cutting ceremony on the site. The 40- unit senior housing development is located along the Little Miami River and is within walking distance of downtown activities and the Little Miami Bike Trail.

This $8 million development features 10 one-bedroom homes and 30 two-bedroom homes offering new kitchen appliances, carpeting, central air conditioning, an intercom/security system, and open floor plans.

Loveland Station Senior Housing features on-site management, a fitness center, on-site supportive services (provided by Clermont Senior Services, Inc.), a craft room, laundry facilities, a community room with kitchen, a computer center and resident storage.

Loveland Station Senior Housing was developed using a combination of Low Income Housing Tax Credits and an Equity Bridge Loan administered by the Ohio Housing Finance Agency. The construction loan was provided by KeyBank. Other funding sources include the Federal Home Loan Bank AHP grant funds, River Hills Bank, and an acquisition and predevelopment loan through the Ohio Capital Fiancé Corporation. Equity investment was provided by Ohio Capital Corporation for Housing.

 

 

 

 

 

 

 

 

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