MVHO Acquires Golden Villa

Miami Valley Housing Opportunities (MVHO) is excited to announce the purchased of a 41-unit rental housing project, Golden Villa, in Northeast Dayton, Ohio originally built in 1966. Extensive renovations began on October 1, 2007 coordinated by local contractor, East Corporation. Construction should be complete by March 2008.

MVHO acquired financing for this project from Corporation for Supportive Housing, County Corp, Federal Home Loan Bank of Cincinnati, and Key Bank. While the repairs are desperately needed to maintain this property, the building structures are very solid, one-story, brick apartments and the final cost per unit for saving this valuable resource is very affordable.

Golden Villa houses low-income seniors with disabilities. A U.S. Department of Housing and Urban Development Community Services grant provides funding for a half-time, on site service coordinator. MVHO is excited about this new partnership and thanks our partners and funders for making it possible.