Ribbon Cutting Held for Monarch Manor Apartments


(Monarch Manor Apartments consists of 60 units of senior housing developed by Stock Development Company, LLC; Sunset Development and Investment, LLC; and Fairfield Homes, Inc.)

October 17, 2014 – Monarch Manor Apartments is the $10.5 million construction of 60 units of senior housing spread between eight buildings. Development partners and residents held a ribbon cutting today to celebrate the grand opening. The campus includes a two-story elevator building, five single-story quad-unit buildings, and two single-story tri-unit buildings. There will be 20 one-bedroom units and 40 two-bedroom units.

Monarch Manor will feature many common areas and multi-purpose rooms including laundry facilities, on-site management office, library with computer center, exercise room, and television/game room. The project also features garden areas with a gazebo, extra storage in units, and security.

 

Units include Energy Star appliances and lighting, ceiling fans, window treatments, washer/dryer hookups, carpeting, self-cleaning ovens, and built-in microwaves. Other amenities include deadbolt locks with peep holes, and wiring for high-speed internet and cable/satellite.

Monarch Manor was developed using a combination of low-income housing tax credits administered through the Ohio Housing Finance Agency, which were syndicated by the Ohio Capital Corporation for Housing. Other sources included a loan from Huntington National Bank, funding from the Franklin County Affordable Housing Trust, as well as the City of Columbus.

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