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Developer delays plans for apartment complex

September 25, 2002|by STACEY DANZUSO

chambersburg@herald-mail.com

CHAMBERSBURG, Pa. - A Florida developer with plans for a 72-unit apartment complex in the south end of Chambersburg is not going to move forward with the project at this time, borough officials said Tuesday.

"The people involved have decided they will not proceed any further at this point," Councilman Bill McLaughlin said.

The development, Deer Brook Estates, would target people earning up to 50 percent of the area's median income.

A representative from The Heritage Companies, the Florida-based developer, had asked council last week to contribute $75,000 in fee waivers for the project.

Bob Colvard, an acquisitions specialist, was supposed to make a final request Tuesday and get an answer from Borough Council.

McLaughlin did not say why The Heritage Companies decided not to go ahead with the project. Heritage officials could not be reached for comment Tuesday night.

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Last week, however, several council members had indicated they would favor a 30-year minimum-interest loan to Heritage rather than waiving sewer or water connection fees.

Developers said Deer Brook Estates was aimed at residents earning between $13,000 and $26,000, depending on family size, and units would have rented for between $265 and $483.

Colvard said he wanted to apply to the Pennsylvania Housing Finance Agency next month for tax credits for the $7.5 million development, and said a financial contribution from the borough would make his application more desirable.

He said last week that without the borough loan or waiver, the application probably would not go forward because he didn't think it would make the cut at PHFA.

Heritage was looking at two 15-acre sites, one near Mill Creek Acres along US. 11 that extends to Progress Road, and one at Papermill Road and Hollywell Avenue.

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