Seniors at an affordable apartment building facing doubling rents say a proposal for temporary assistance won’t help their long-term situation. But the state agency responsible for overseeing affordable housing says the rent hikes they’re facing are within limits set by the federal government.
Cincinnati-based Kingsley and Co. built the 50-unit Victory Vistas in Paddock Hills for low- and moderate-income seniors. The building opened last October.
Under the federal Low Income Housing Tax Credits Kingsley used to fund the construction, 40 of the building’s units must be offered at 60% AMI — generally meaning rents under about $1,200 a month. The other 10 must be priced at 30% AMI, or about $600 a month…