Terrace Apartments renovation gets grant
A project to renovate the Terrace Apartments in Butler is moving along.
The Butler County Housing Authority has received a $300,000 state grant for proposed renovations to the nearly 50-year-old building on South Cliff Street.
The money will be a small part of the more than $11 million project that will create ADA-approved apartments in the facility along with other improvements to each apartment unit.
Perry O’Malley, the director of the authority, said $6 million of the cost will go to construction while the rest will go to operational costs and refinancing the building’s debt.
The breakdown of the price will equate to about $40,000 per unit. About $3.5 million of the construction cost will go toward adding air conditioning to the apartments.
O’Malley said the authority is working to finalize funding for the project.
The authority has about $800,000 in grants for the work. About $6 million will come from bonds, with the rest from a mortgage.
O’Malley said if everything falls into place, renovation on the building would begin next summer.
The Terrace Apartments is housing for limited income individuals older than 50.
Residents will not be relocated during the renovations.
