Tuesday, August 16, 2011

Developer seeks to buy, renovate aging Oklahoma City apartments for


Wesley Village Apartments resident Cherrie Baker says she loves living at the Midtown subsidized housing complex on a tree-lined street, but the place could use some work.


The building is owned by a partnership of investors spread across Wisconsin, Indiana and Oklahoma. LynCo has managed the property since 1984.The Oklahoma City Council on Tuesday voted unanimously to support the plans of Wesley Housing Associates LP to acquire the 85-unit Wesley complex and apply for federal affordable housing tax credits through the Oklahoma Housing Finance Agency to renovate the building.The Oklahoma Housing Finance Authority has not received Wesley Housing Associates' application for the affordable housing tax credit program yet, said Diana Rogers Jaeger, assistant director of communications for OHFA. The company has until July 7 to apply, she said.Founded in 1984, LA Fitness is one of the fastest growing sports club chains in the United States and presently has over 360 locations in 21 states and Canada. LA Fitness' mission is to help as many people as possible achieve the benefits of a healthy lifestyle by creating a nationwide network of sports clubs, offering its members the widest range of amenities and the friendliest service at an affordable price.Hunter ceiling fans are made with full commitment to the costumer, it is easy to understand that quality is the name of the game here when learning that Hunter have been making ceiling fans for almost 120 year. The range of products that the Hunter ceiling fan company offers is almost without flaw, one can find any kind of fan or any type color design or purpose, this is what happens when people make the product for years and years, they know their market and they know their clients, and this is a very good thing for ceiling fans.Lyn Goss, chief executive officer of the Tulsa property management company LynCo Properties Inc., which manages Wesley Village, said the building's heating and cooling system is out of date and needs a complete overhaul.SOURCE LA Fitness"This place is fantastic, but they do have a bit of a roach problem," he said.To learn more about LA Fitness, visit www.lafitness.com. To contact the Norco club directly, call (951) 280-4477, or for the club nearest you, call (800) LA FITNESS.About LA FitnessBuilt in 1920 as Wesley Hospital, the Wesley Village complex at 300 NW 12th St. was converted into rent-subsidized housing for seniors and the disabled in the 1980s. Today, Wesley Village residents say the aging four-story brick building needs repairs. A developer hopes to buy the complex and renovate it with the aid of federal affordable housing tax credits, according to an Oklahoma City Council memo. Oklahoma City has pledged its support to the project and offered $14,000 in block grant funding from the federal HOME Investment Partnerships Program for the renovations.Resident Javon Belk moved into a studio apartment at Wesley Village about a month ago from an emergency homeless shelter for senior citizens run by the nonprofit Sunbeam Family Services after his left foot was amputated above the ankle because of an infection."It's just an old building," she said. "It's a very worthwhile property that serves the needs of the elderly and disabled downtown."LA Fitness. Exercise Your Options

The Oklahoma Housing Finance Authority has not received Wesley Housing Associates' application for the affordable housing tax credit program yet, said Diana Rogers Jaeger, assistant director of communications for OHFA. The company has until July 7 to apply, she said.




Author: Brianna Bailey


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