Federal funds to be used to build affordable rental housing in county

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New federal resources will allow for the construction of affordable housing units in Wood County.
U.S. Sen. Sherrod Brown (D-OH) announced that Harbor Town Senior Residence, LLC in Wood County will
receive a $1,450,000 loan from the USDA Rural Development branch’s Rural Rental Housing Guaranteed Loan
program. The total cost of the project is expected to be $11,018,359, and will build 69 units of
affordable rental housing for residents making less than 50 or 60 percent of the area’s median income.

The units are planned to be built on Lighthouse Way, south of Perrysburg off Ohio 25.
"It can often be difficult for rural communities to fully fund critical housing or infrastructure
projects," Brown said. "These funds from the Agriculture Department will help Wood County
ensure affordable housing options for its residents."
According to the USDA, the Rental Housing Guaranteed Loan Program supports funding for affordable housing
in rural areas, providing safe, market-competitive housing for low income residents.
Brown is the first Ohioan in over 40 years to serve on the U.S. Senate Committee on Agriculture,
Nutrition, and Forestry. He serves as the Chair of the Agriculture Subcommittee on Jobs, Rural Economic
Growth, and Energy Innovation.New federal resources will allow for the construction of affordable
housing units in Wood County.
U.S. Sen. Sherrod Brown (D-OH) announced that Harbor Town Senior Residence, LLC in Wood County will
receive a $1,450,000 loan from the USDA Rural Development branch’s Rural Rental Housing Guaranteed Loan
program. The total cost of the project is expected to be $11,018,359, and will build 69 units of
affordable rental housing for residents making less than 50 or 60 percent of the area’s median income.

The units are planned to be built on Lighthouse Way, south of Perrysburg off Ohio 25.
"It can often be difficult for rural communities to fully fund critical housing or infrastructure
projects," Brown said. "These funds from the Agriculture Department will help Wood County
ensure affordable housing options for its residents."
According to the USDA, the Rental Housing Guaranteed Loan Program supports funding for affordable housing
in rural areas, providing safe, market-competitive housing for low income residents.
Brown is the first Ohioan in over 40 years to serve on the U.S. Senate Committee on Agriculture,
Nutrition, and Forestry. He serves as the Chair of the Agriculture Subcommittee on Jobs, Rural Economic
Growth, and Energy Innovation.

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