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CNN Money features The Housing Partnership Inc.
Facing some of today’s biggest challenges – creating affordable housing and creating jobs.
The Housing Partnership’s latest project adds 15 construction jobs.
“The St. Bartholomew School is a historical landmark and a school building that is no longer utilized. The Housing Partnership is re-purposing the building to provide 24 apartments for very low- income senior citizens.
The total cost is about $3.6 million, but it was the last 20% of the funding that was the most difficult to get.
The Federation of Appalachian Housing Enterprises, Inc. — which received Create Jobs for USA funding — was able to come to the table with a $700,000 loan. It was the last piece of funding we needed to move the project forward.
We estimate that this project will create 15 construction jobs in total, in addition to supporting 23 jobs currently in place at The Housing Partnership.”
– Mike Hynes, President
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