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Funding approved for Valley Housing project in Waynesboro

November 14, 2003

WAYNESBORO, Pa. - The Pennsylvania Housing Finance Agency Board of Directors approved funding Thursday for a controversial townhome complex in the borough's southwest end, according to a news release from the group building the project.

Valley Housing Development Corp., the Chambersburg, Pa., organization spearheading the Valley Terrace Townhomes project, said the money for the 22-unit, $2.6 million subsidized housing project planned for Waynesboro's Wayne Gardens area was approved at the state finance agency's November meeting Thursday in Harrisburg, Pa.

"The funding was approved ... because Valley Housing Development Corp. met all funding requirements and successfully demonstrated a need for affordable housing in Waynesboro," Phil Friday, a member of the Pennsylvania Housing Finance Agency Board of Directors, said in the release.

"The town home complex will be a tremendous benefit to the community of Waynesboro - a rural area that doesn't have enough options for affordable housing," Friday said.

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The Waynesboro Borough Council has come out in unanimous opposition to the proposal. Council member Clinton Barkdoll earlier this week questioned the need for the housing complex, saying no constituents have told him they support the project.

Barkdoll and Council President Douglas Tengler also have questioned the market study Valley Housing used to document the need for the subsidized housing in the borough.

Tengler said Tuesday that the council authorized further legal action to block the project after meeting in executive session last week. He did not elaborate on the type of action or a timeline for it.

According to the news release, Valley Terrace Townhomes will be built on a three-acre site on West 10th Street. It will consist of 22 units in five, two-story buildings. There will be 14 two-bedroom apartments and eight three-bedroom apartments.

The development's size will be 32,060 square feet, including 1,192 square feet of community space.

Financing is being provided by the Pennsylvania Housing Finance Agency in the form of a $1,149,832 loan and an allocation of $205,383 of housing tax credits, according to the release. Additional funding will come from a $200,000 loan from the Franklin County Housing Authority, the overseeing agency of Valley Housing, and a $50,000 loan from the Franklin County Planning Commission.

The land for the townhomes has been owned by the Franklin County Housing Authority for more than 50 years, according to the news release.

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